Match the Options Below with the Correct Phrase

question 34

Multiple Choice

Match the options below with the correct phrase:
-financial responsibility center

• 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

Recognize the limitations of traditional capital expenditure analysis and the importance of considering additional working capital in investment decisions.

Understand how to analyze and rank investment projects using various financial metrics such as net present value (NPV), internal rate of return (IRR), and profitability indexes.

Grasp the importance of cash flows, including how they are affected by taxation and operational savings, in investment decision-making.

Comprehend the differences and applications of discounted cash flow (DCF) analysis versus accrual accounting in evaluating capital investments.

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Definitions:

Entrepreneurial Process

A series of steps taken by entrepreneurs to conceptualize, launch, and manage a new business venture.

Own Bosses

A term often associated with entrepreneurship, indicating individuals who are self-employed and have full control over their work, decisions, and income.

Independent

Free from external control and constraint, often used to describe self-reliant businesses or individuals making decisions autonomously.

Influencing Odds

The act of affecting the probability or likelihood of a particular outcome or event.