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:

Director Requirements

Criteria and qualifications that individuals must meet to serve on a company's board of directors, as determined by corporate bylaws or regulations.

Own Stock

Refers to the shares a company holds in its own treasury, often bought back from investors.

Corporation

A legal entity recognized by law as separate from its owners, providing them with limited liability and the ability to raise capital through the sale of shares.

Market Value

The current price at which an asset or service can be bought or sold in the open market.