Financial Managers Should

question 192

Multiple Choice

Financial managers should

• A) ignore minor budgeting problems and concentrate on major problems when budgeting.
• B) establish a means of monitoring financial performance on an interim basis.
• C) prepare budgets and hope for the best.
• D) hire a person to go over interim budgets.
• E) fire or demote individual managers when budgeting goals are not achieved.

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Definitions:

Sediment

Particles of rock, minerals, or organic materials that have been transported and deposited by water, wind, ice, or gravity.

Deposited

The process by which sediments, soil, and rocks are added to a landform or land mass, typically through the action of wind, water, or ice.

Hydrothermal Rock

Rock formed by the alteration of pre-existing rock through the action of hydrothermal fluids at high temperatures and pressures.

Magma

The molten or semi-molten natural material from which all igneous rocks are formed, found beneath the Earth's surface.