Author Question: The process of assessing the financial strengths and weaknesses of an organization, identifying ... (Read 90 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?

Medication errors are three times higher among children and infants than with adults.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

For a complete list of videos, visit our video library