« previous next »

Author Question: The process of assessing the financial strengths and weaknesses of an organization, identifying ... (Read 89 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jul 7, 2018
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
Reply #1 on: Jul 7, 2018
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
« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Proteomes and their relationship to cell structure, function, and organization. Proteomes and their relationship to cell structure, function, and organization.
Critical thinking and the process of planning care Critical thinking and the process of planning care
Inflammation Process Inflammation Process
Organization of the ICD-10-CM Manual Organization of the ICD-10-CM Manual
Industrial solid waste process flow diagram Industrial solid waste process flow diagram
Condyle process Condyle process
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library