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The most important element of any preventive control is
Capital Budgeting
The process by which a business evaluates and selects long-term investments that are likely to yield the highest returns.
What-If Questions
Hypothetical queries used in analysis or decision-making to explore different outcomes based on varying scenarios.
Shareholder Wealth
Refers to the collective value of all shares held by investors in a corporation, ideally increasing as the company becomes more successful and its stock price rises.
Cash Flow Forecasts
Predictions of all the cash inflows and outflows expected to occur in a future period, helping businesses to ensure they maintain sufficient levels of cash.
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