Two Key Objectives of Financial Planning and Control Are to Avoid

question 29

True/False

Two key objectives of financial planning and control are to avoid cash squeezes and to improve profitability.

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Definitions:

Standards of Service

Benchmarks set by an organization to measure the quality of service delivered to its customers, ensuring consistency and satisfaction.

Contracts

Legally binding agreements between two or more parties that define and govern the rights and duties pertaining to a particular arrangement.

Core Work

The primary or essential tasks and responsibilities that are central to a job or organization’s operational goals.

Non-Core Work

Describes tasks or activities that are not central to the main business or primary objectives of an organization.