List the Four Budgeting Objectives

question 154

Essay

List the four budgeting objectives.Why is this process a loop?

Understand the relationship between net income and various financial metrics.

Recognize the key financial ratios used to measure liquidity, profitability, and leverage.

Distinguish between the uses of different financial ratios in evaluating company performance.

Appreciate the impact of treasury stock transactions on financial ratios.

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Definitions:

Moral Idealism

A personal moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome.

Personal Moral Philosophy

An individual’s set of beliefs, principles, and values concerning what is right and wrong, shaping ethical behavior and decisions.

Golden Rule

A principle of treating others as one would want to be treated oneself.

Universal Rights

Universal rights are fundamental rights and freedoms that are considered to be entitled to all humans regardless of nationality, gender, ethnic origin, religion, or any other status.