Decisions About How to Allocate Resources Are Made By

question 130

Multiple Choice

Decisions about how to allocate resources are made by:

• A) individuals.
• B) businesses.
• C) governments.
• D) Decision about resource allocation are made by all of the above

---

Definitions:

Financial Control

The management of a firm's costs and expenses in order to ensure efficiency, accountability, and profitability.

Forecasts

Forecasts are predictions or estimates of future events or trends, based on analysis of existing data and modeling.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using known variables to predict future cash flows, asset values, and withdrawal plans.

Treasurer

An official responsible for overseeing the management of a company's or organization's finances.