All Core Competencies Have the Potential to Become Core

question 117

Multiple Choice

All core competencies have the potential to become core:

• A) rigidities.
• B) stagnations.
• C) inefficiencies.
• D) weaknesses.

Understand the necessity of addressing solution uniqueness in entrepreneurial pitches.

Recognize the importance of financial modeling in the development of pitch decks.

Learn how to manage cash efficiently through the cash conversion cycle.

Understand how to calculate and interpret days sales outstanding (DSO).

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Definitions:

Balance Per Bank

The amount of money in a company's bank account according to the bank's records at a specific point in time.

Bank Reconciliation

The procedure of reconciling the balance figures in a firm's accounting ledger for a cash account with the associated entries on a bank statement.

Segregation Of Duties

An internal control measure that divides responsibilities among different people to prevent fraud and errors.

Treasurer

An officer of an organization responsible for managing the institution’s budget, overseeing its investment strategy, and handling its financial planning, reporting, and record-keeping.