Questions and Answers
What is the flagship function of managerial finance according to R.N. Anthony (1965)?
Management control
What is the primary aim of managerial finance?
Steer an organization towards its objectives
In the context of managerial finance, what does 'piloting' refer to?
Directing operations
Which set of skills does a manager need to call upon in the realm of managerial finance?
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How does H.BOUQUIN describe the role of management control in an organization?
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What is the primary role of management control, as described in the text?
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What does a favorable or positive budget variance indicate?
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What is the main purpose of a budget within an organization, based on the text?
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How does the management controller contribute to the decentralization process within an organization?
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Which statement best describes the relationship between management control and the Executive Board?
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