The Two Most Common Financial Goals Prior to Developing an Operations

question 29

Multiple Choice

The two most common financial goals prior to developing an operations budget are_____________.

• A) Sales and net income
• B) Sales and EBITDA
• C) Debt-service coverage and RevPAR
• D) RevPAR and net income
• E) Gross operating profit and occupancy percentage

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Definitions:

Chief Financial Officers

Senior executives responsible for managing the financial actions of a company, including financial planning and report tracking.

Financial Statements

Documents that present the financial activities and condition of a business or entity, including the balance sheet, income statement, and cash flow statement.

Chief Operating Officers

High-ranking executives responsible for overseeing the day-to-day administrative and operational functions of a company.

Foreign Corporation

Firm that operates in states where it is not incorporated.