The treasurer is the personal responsible for coordinating the preparation of the operating budgets. True / False
Question:
The treasurer is the personal responsible for coordinating the preparation of the operating budgets. True / False
Typical operating budgets include investment budgets, cash budgets and pro-forma financial budgets. True / False
Budgeting is the process that translates corporate intentions into specific tasks, and identifies the resources needed by managers to carry them out. True / False
Opportunities are elements of the internal environment that offer a company certain avenues for expansion. True / False
Budgeting helps managers to formulate strategic objectives and plans. True / False
Job descriptions can be used as a preventive control tool. True / False
Total assets are the item that appears most often in the five measures that helps to calculate the overall financial health score of a business. True / False
It is NOT important for NFP organizations to prepare cash budgets. True / False
Statistics for the Life Sciences
ISBN: 978-0321989581
5th edition
Authors: Myra Samuels, Jeffrey Witmer, Andrew Schaffner