The meaning of developing derivative plans is to а. prepare rules to support the planning function O b. all the options are correct Ос. prepare procedures to execute the plan d. prepare policies to implement the plan
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- Which of the following best describes a flexible budget? Select one: a. A budget which can be fixed when actual costs are known, to provide a realistic forecast for the forthcoming period b. A budget which is prepared on a spreadsheet, with the flexibility to add new cost items to prepare new forecasts as circumstances change during the year c. A budget which, by recognizing different cost behavior pattern, is designed to change as volume of activity changes d. A budget which is designed to be easily updated to reflect recent changes in unit costs or selling priceThe meaning of developing derivative plans is to a. prepare rules to support the planning function O b. prepare policies to implement the plan O. all the options are correct d. prepare procedures to execute the planFinancial methods provide objective analysis for project selection. Select one: O a. True O b. False
- 2 Which of the following statement relating to life cycle cost is not correct? a. All of the options b. It is past oriented, and it compels managers to examine the long- term financial implications of the strategic decisions they are making c. Retirement cost is one of the categories of life cycle cost d. Companies are increasingly concerned with the life cycle cost when they either purchase an item or manufacture itThis type of operational planning may cover the medium‐term needs of the business including budgeting, the purchasing and supply system and organisation thereof, purchasing and supply methods, negotiation and development of human resources. (1) Strategic level planning. (2) Tactical or middle‐management planning. (3) Operations level planning. (4) Operational planning. (5) Short‐term planning. This is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed. (1) Cyclical‐ordering system. (2) Materials‐requirements planning. (3) Just in time. (4) System of fixed‐order quantities. (5) Quick response system.Which of the following statements is true about the budgeting process for the beach cleanup project? All cleanup tools will be paid for directly by the budget. Vendor expenses for removing the waste must be in the budget. The scope document is not referred to during the budgeting process. Budgeting for effort includes the cost for all cleanup equipment.
- 16. A Strategic Plan is likely to contain Vision Training Targets Monthly targets O High Level Targets 17. Planning is pervasive; it implies that: The managers at lower levels have to plan within the framework of several rules and procedures Planning is the basic requirement of all managerial functions The plan must aim at achieving certain objectives Planning is such a function which is present at all levels of managementKyle is considering the costs to clean up the local beach after an oil spill.Which of the following statements is true about the budgeting process for the beach cleanup project? All cleanup tools will be paid for directly by the budget. Vendor expenses for removing the waste must be in the budget. The scope document is not referred to during the budgeting process. Budgeting for effort includes the cost for all cleanup equipment.What are the strategies for dealing with positive risks?A. Avoid, mitigate, transfer, acceptB. Transfer, mitigate, avoid, exploitC. Exploit, share, enhance, acceptD. Mitigate, enhance, exploit, accept In which process do you create the Risk Breakdown Structure?A. Risk IdentificationB. Risk Response PlanningC. Qualitative AnalysisD. Risk Management Planning
- A person who does well in the Planning stage of the problem-solving framework model of EF has an exceptional ability to take a large problem space and narrow the focus onto a much smaller set of states, operators, and path constraints O hold the steps of the solution in working memory O construct a well-detailed problem space O flexibly construct a problem spaceThe finance managers’ function is to find out how much finances required to acquire fixed assets and forecast the amount needed to meet the working capital requirements in future is called __. a.Acquiring finance b.Managing funds c.All of these d.Forecasting finance 18.Which one of the financial intermediaries act as middlemen between depositors and lenders who are the users of funds? a.Finance companies b.Commercial bank c.Investment bank d.All of the optionsThe Deferred Revenue account is shown in which statement? Multiple Choice 1.Balance sheet 2. Statement of stockholders' equity 3.Income statement 4.Statement of cash flows Don't use chatgpt,I will 5 upvotes