Multiple Choice
Match the options below with the correct phrase:
-financial ratio
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
Q13: If an organization needs cash immediately to
Q14: Any organizational unit that contributes costs,revenues,investments,or profits
Q15: Audits are always conducted by outsiders.
Q16: Match the options below with the correct
Q17: A financial ratio involves selecting two critical
Q19: Match the options below with the correct
Q20: Controls must be controlled!
Q21: Match the options below with the correct
Q22: A budget is a concurrent control.
Q23: Corporate assets such as land,buildings,and heavy equipment