Examlex
Which of the following correctly describes the composition of FAD?
Financial Ratios
Indicators derived from financial statements that are used to evaluate a company's financial health and operational efficiency.
Empirical Measure
A method or metric based on observation and experience rather than theory or pure logic.
Bottom-Up Planning
A planning approach where strategies and goals are defined at lower levels of the organization before being aggregated to define overall corporate strategies.
Top-Down Planning
Business planning based on a set of goals forced on the organization by senior management. Top-down planning has a tendency to lead to excessively optimistic plans.
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