Author Question: The process of assessing the financial strengths and weaknesses of an organization, identifying ... (Read 91 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
The process of assessing the financial strengths and weaknesses of an organization, identifying opportunities and threats, exploring external impacts, and formulating a financial reaction for the organization is ____.
 
  a. Annual financial analysis
  b. Long-range planning
  c. Organizational revenue critique
  d. Strategic financial planning

Question 2

What does a good plan have?
 
  A) Built-in evaluation checkpoints so that there can be a midcourse correction if unexpected events occur
  B) A midterm evaluation should always occur at the midpoint of the plan.
  C) If the goals were not met, the plan should not be used again since it failed.
  D) Always overplan to arrange required details so that the manager can carry out all the steps of the plan.



Chou

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

D
Strategic financial planning is a process of assessing the organization and its departments or di-visions. Financial strengths and weaknesses are explored and analyzed. Financial opportunities and external threats are identified and critiqued. External financial forces are considered, and their impacts are projected in relationship to the organization.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library