Ruby Lee Is Always Late to Meetings, and Her Typical

question 19

True/False

Ruby Lee is always late to meetings, and her typical excuse is "I just tried to get one more thing done." Javier Suarez is always on time and drums his fingers on the table while he waits for Ruby. Ruby and Javier are both Type A personalities.

---

Definitions:

Planning

The process of setting goals, determining resources needed to achieve those goals, and outlining the steps necessary to accomplish them.

Loose Budgets

A financial plan that allows for higher spending and less stringent controls, often to accommodate for uncertainty or to encourage creativity and innovation.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period of time to ensure liquidity and solvency.

Minimum Cash Balance

The lowest amount of cash that a business decides to maintain in its accounts to ensure sufficient liquidity for routine operations.