Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Understanding Managerial Finance in Business

10 Questions

1 Views

Understanding Managerial Finance in Business

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the flagship function of managerial finance according to R.N. Anthony (1965)?

Communicate

Management control (correct)

Plan

Anticipate

What is the primary aim of managerial finance?

Steer an organization towards its objectives (correct)

Management control

Achieve success in CSR policy

Ensure shareholder enrichment

In the context of managerial finance, what does 'piloting' refer to?

Setting financial goals

Directing operations (correct)

Controlling company activities

Evaluation of resources

Which set of skills does a manager need to call upon in the realm of managerial finance?

Management accounting, Taxation, Communication Signup and view all the answers

How does H.BOUQUIN describe the role of management control in an organization?

Ensures efficient resource allocation for goal achievement Signup and view all the answers

What is the primary role of management control, as described in the text?

Monitoring day-to-day actions to align with long-term strategies Signup and view all the answers

What does a favorable or positive budget variance indicate?

Actual revenue is higher than the budgeted revenue Signup and view all the answers

What is the main purpose of a budget within an organization, based on the text?

To empower operational managers and clarify responsibilities Signup and view all the answers

How does the management controller contribute to the decentralization process within an organization?

By introducing commitment between senior management and delegated managers Signup and view all the answers

Which statement best describes the relationship between management control and the Executive Board?

Management control is often attached to the Executive Board due to its strategic importance Signup and view all the answers