Alessia Is the Vice-President of a Bank and Is Well

question 116

Multiple Choice

Alessia is the vice-president of a bank and is well respected in her community.Considering her contributions to the society, a lane was named after her by the people in her town.According to Maslow's hierarchy of need framework, this mark of respect is most likely to fulfill Alessia's:

• A)self-actualization needs.
• B)esteem needs.
• C)safety needs.
• D)physiological needs.
• E)love needs.

Understand key dimensions of financial planning: planning horizon and aggregation.

Grasp the concept of working capital decisions in financial planning.

Define and incorporate various finance-specific terms, such as planning horizon, debt capacity, and capital intensity ratio, into financial planning.

Explain the rationale and benefits of financial planning, despite inherent uncertainties.

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to manage liquidity.

Capital Expenditures Budget

A plan that details a company's projected spending on long-term assets, such as property, plant, and equipment, which are expected to provide benefits over multiple years.

Merchandise Purchases Budget

A financial plan detailing the amount of goods a company needs to purchase during a period to meet expected sales demands and maintain inventory levels.

Master Budget

An aggregated budget that represents a company's overall plan of action for a specified period, integrating individual budgets for income, spending, and capital expenditures.