The Most Important Function of a Short-Term Financial Plan Is

question 3

Multiple Choice

The most important function of a short-term financial plan is:

• A) to develop cash budget
• B) to cover the forecasted requirements in the most economical way possible
• C) to help develop the long-term financial plan
• D) none of the above

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Definitions:

Transportation Method

A linear programming technique used to find the most efficient and cost-effective way of distributing products from several suppliers to multiple destinations.

Linear Programming

A mathematical method for determining the best outcome in a model whose requirements are represented by linear relationships, widely used in operations research and economics to maximize or minimize an objective function.

Aggregate Planning

The process of developing, analyzing, and maintaining a preliminary approximate schedule of the overall operations of an organization.

Consumer Demand

The desire and ability of consumers to purchase goods and services at certain prices over a specific period of time.