Match the Options Below with the Correct Phrase

question 53

Multiple Choice

Match the options below with the correct phrase:
-zero-based budgeting

• A)a relationship of two numbers
• B)income - expenses = profit or loss
• C)a budget that always must be justified from "square one"
• D)a formal investigation conducted to determine if financial documents are correct and consistent with the organization's policies, rules, and procedures
• E)treats employees as assets
• F)details how each financial responsibility center will manage its cash
• G)provides estimates of revenues and expenses for a given period of time
• H)assets = liabilities + stockholders' equity
• I)each financial responsibility center's financial plan
• J)an organizational unit that contributes costs, revenues, profits, or investments
• K)involves selecting two critical figures from a financial statement and expressing their relationship as a ratio or percentage
• L)a feedforward control technique that
• M)a person responsible for planning and overseeing managment of all risks
• N)a disciplined process that focuses on developing near-perfect products
• O)cash flow statement
• P)designed to measure and monitor specific aspects of an organization
• Q)an inventory control system that matches purchasing with need

Understand the significance of tax rates in financial decision-making.

Recognize the difference between book value and market value of assets.

Identify the components of the cash flow from assets and how it reflects the firm's financial health.

Understand the factors affecting the firm's financial leverage and various methods of raising capital.

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Definitions:

GDP

Gross Domestic Product; the total market value of all goods and services produced within a country in a specific time period.

U.S. Health Care System

A complex organization of doctors, hospitals, insurance companies, and regulatory agencies providing health care services within the United States.

Financing Of Health Care

The methods and sources for funding the operation of healthcare systems and services.

Insurance

A financial product that provides protection against possible future losses or risks in exchange for a premium.