In Phase I of the Just-In-Time Project,Kristin Estimated That the Project

question 72

Multiple Choice

In Phase I of the Just-In-Time Project,Kristin estimated that the project would have a ____ percent discounted return on investment and payback in the second year after implementing the new training program.

• A) 10
• B) 27
• C) 37
• D) 45

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Definitions:

Financial Management

The practice of planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of an enterprise.

Company's Funds

The assets or money that a company possesses for the purpose of conducting its business activities.

Objectives

Guideposts by which managers define the organization's desired performance in such areas as new-product development, sales, customer service, growth, environmental and social responsibility, and employee satisfaction.

Financial Manager

A professional responsible for managing the financial health of an organization by developing strategies and plans for the long-term financial goals of their organization.