Examlex
Which of the following are benefits derived from short-term financial planning?
I.having advance notice of when your firm will require external financing
II.being able to determine the extent of time for which a loan is required
III.having the ability to time capital expenditures in order to place the least financial burden possible on a firm
IV.knowing for certain what your cash balance will be six months in advance
Opportunity Cost
The price of discounting the second most appealing alternative when engaging in decision-making.
Overtime Work
Overtime work refers to time spent working beyond the normal working hours, typically compensated at a higher pay rate.
Enjoyment
A feeling of pleasure and satisfaction obtained from various life activities or experiences.
Opportunity Cost
The financial implication of not selecting the following best possibility when faced with a decision.
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