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Questions and Answers
Short-run planning usually covers the coming 24 months.
Short-run planning usually covers the coming 24 months.
False (B)
Aggregation involves determining individual projects and adding them up to form one big project.
Aggregation involves determining individual projects and adding them up to form one big project.
True (A)
Financial planning is not particularly important for cyclical businesses.
Financial planning is not particularly important for cyclical businesses.
False (B)
Financial planning allows firms to develop, analyze, and compare different business scenarios in a disorganized manner.
Financial planning allows firms to develop, analyze, and compare different business scenarios in a disorganized manner.
Financial planning is the process of determining how to achieve financial goals.
Financial planning is the process of determining how to achieve financial goals.
Growth is the ultimate goal of financial management.
Growth is the ultimate goal of financial management.
The financial plan should explicitly show the linkages between investment proposals and the firm's financing choices.
The financial plan should explicitly show the linkages between investment proposals and the firm's financing choices.
A financial plan is a statement of past actions.
A financial plan is a statement of past actions.
In an uncertain world, financial decisions may need to be made far in advance.
In an uncertain world, financial decisions may need to be made far in advance.
Growth is never used as a means to summarize a firm's financial and investment policies.
Growth is never used as a means to summarize a firm's financial and investment policies.
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