Question

TRUE/FALSE. in order to catch problems before they get out of hand, a business firm should compare its financial performance against various budgets.

Answer 1

TRUE A corporation should compare its financial performance against several budgets in order to identify issues before they become major ones.

When establishing budgets Most executives start by looking at departmental budgets?

175. When creating budgets, the majority of managers start with departmental budgets for sales and other expenses, which are then integrated into an overall cash budget for the company. 176. A cash budget makes projections for a company's significant asset costs, such as the replacement of out-of-date equipment and mergers and acquisitions.

What is the name of short-term finance that is not secured by property?

Unsecured loans are debt products that aren't secured by collateral and are provided by banks, credit unions, and online lenders. These include credit products like credit cards, personal loans, and student loans.

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