Reference no: EM131308205
1. The managerial value of planning includes:
a resulting road map for running the business.
the planning process brings the management team together.
planning that provides credibility to employees.
Both "the planning process brings the management team together" & "a resulting road map for running the business".
All of these choices are correct.
2. Which of the following can help ensure that everyone understands what they have to do in the coming year?
Comparing actuals with budgets
The business planning process
Making accurate financial plans
Making different people accountable for same tasks
3. Which of the following correctly states the business plan types that contain the lowest and greatest proportions of financial detail?
Lowest - strategic planning; greatest - budgeting
Lowest - forecasting; greatest - operational planning
Lowest - operational planning; greatest - budgeting
Lowest - forecasting; greatest - budgeting
Lowest - strategic planning; greatest - forecasting
4. Forecasts tend to be:
short-term.
filled with supporting documentation.
focused on making either profit or cash flow projections.
Both "short-term" & "focused on making either profit or cash flow projections".
All of these choices are correct.
5. Which of the following is FALSE regarding the business plans of small business?
Similar to annual plans of large business
Provides thorough rationale for concrete actions
Includes elements of strategic planning
Covers the broadest and most basic strategic issues
|
Annual cash dividend policy that raises dividend each year
: Sally McKrachen is a single young professional with a gross income of $51,000. Sally has no adjustments to gross income, but she does have itemized deductions totaling $4,275. If personal exemptions for the year are $3,700 each and the standard deduc..
|
|
Recommended standards for the debt to income ratio
: Roberto and Jessica Suarez have a gross income of $53,000 a year and annual expenses of $51,500 including taxes. Their annual debt payments total $15,000. According to the recommended standards for the debt -to-income ratio, the Saurez's ratio of?
|
|
Start saving for retirement beginning next year
: Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $58,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next yea..
|
|
Usually be a section of business plan
: Which of the following would not usually be a section of a business plan? The time period covered by a business plan is often called the: Strategic planning involves broad thinking about a firm's mission, and goals. It usually has a time frame or pla..
|
|
The managerial value of planning includes
: The managerial value of planning includes: Which of the following can help ensure that everyone understands what they have to do in the coming year? Forecasts tend to be: Which of the following is FALSE regarding the business plans of small business?
|
|
Firm home currency generally affect its cash inflows
: How should appreciation of a firm’s home currency generally affect its cash inflows? How should depreciation of a firm’s home currency generally affect its cash outflows?
|
|
Firm degree of transaction exposure in particular currency
: What factors affect a firm’s degree of transaction exposure in a particular currency? For each factor, explain the desirable characteristics that would reduce transaction exposure.
|
|
What real amount must you deposit year to achieve your goal
: You want to have $4 million in real dollars in an account when you retire in 30 years. The nominal return on your investment is 10 percent and the inflation rate is 4 percent. What real amount must you deposit each year to achieve your goal? (Do not ..
|
|
What is the apr on this loan and what is the ear
: You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,700,000 purchase price. The monthly payment on this loan will be $16,000. Required: What is the APR on this loan? W..
|