In a Financial Planning Model

question 90

Multiple Choice

In a financial planning model:

• A)Inputs are used to create the model
• B)Financial ratios are used to create the model
• C)Financial ratios are used to develop forecasts
• D)Equations are used to develop financial statements

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Definitions:

Compensation

Payment or reward given to someone in exchange for their services, loss, or suffering, often in the form of money, benefits, or other valuable considerations.

Quorum

A quorum is the minimum number of members of a deliberative assembly (such as a board or committee) necessary to conduct the business of that group.

Majority Vote

A voting requirement where more than half of the votes cast by persons entitled to vote is needed to make a decision or pass a resolution.

MBCA

Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.