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Proactive Managers Plan Ahead for the Problems the Business Is

question 49

Short Answer

Proactive managers plan ahead for the problems the business is likely to encounter and the opportunities that may arise by preparing ___________ financials.


Definitions:

Changes in Equity

Adjustments in the value of a company's shareholders' equity over a period due to investments, distributions, and earnings.

Net Income

The net income of a company, which is the amount left over from revenue after deducting all costs and taxes.

Service Revenues

Income earned from providing services as opposed to selling physical goods.

Dividends

Payments made by a corporation to its shareholder members, distributing earnings.

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