Multiple Choice
Match the options below with the correct phrase:
-financial budget
A) a relationship of two numbers
B) income - expenses = profit or loss
C) a budget that always must be justified from "square one"
D) a formal investigation conducted to determine if financial documents are correct and consistent with the organization's policies, rules, and procedures
E) treats employees as assets
F) details how each financial responsibility center will manage its cash
G) provides estimates of revenues and expenses for a given period of time
H) assets = liabilities + stockholders' equity
I) each financial responsibility center's financial plan
J) an organizational unit that contributes costs, revenues, profits, or investments
K) involves selecting two critical figures from a financial statement and expressing their relationship as a ratio or percentage
L) a feedforward control technique that
M) a person responsible for planning and overseeing managment of all risks
N) a disciplined process that focuses on developing near-perfect products
O) cash flow statement
P) designed to measure and monitor specific aspects of an organization
Q) an inventory control system that matches purchasing with need
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Match the options below with the correct
Q17: A financial ratio involves selecting two critical
Q18: Match the options below with the correct
Q19: Match the options below with the correct
Q20: Controls must be controlled!
Q22: A budget is a concurrent control.
Q23: Corporate assets such as land,buildings,and heavy equipment
Q24: The percentage of an organization's work force
Q25: Match the options below with the correct
Q26: If managers want to design controls that