1. Financial planners work a) Independent of other departments c) Only with the production department b) In coordination with all departments d) With inputs only from the top 2. _conveys the ultimate goal of the organization. b) Mission c) Objectives a) Goals d) Vision 3. _defines the nature of the business, and its current business activities to realize its vision. d) Vision a) Goals b) Mission c) Objectives 4. _refers to accounts payable and accruals incurred because of increase in assets other than property, plant and equipment. a) Cost of sales ratio c) Retention ratio b) Dividend payout ratio d) Spontaneous liability 5. _are specific and short-term directions for the actions to be done to reach the goals. d) Vision c) Objectives _is the portion of earnings that is plowed back to the business. c) Retention ratio a) Goals b) Mission 6. a) Cost of sales ratio b) Dividend payout ratio d) Spontaneous liability

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Financial planners work_
a) Independent of other departments
c) Only with the production department
b) In coordination with all departments
d) With inputs only from the top
2.
_conveys the ultimate goal of the organization.
b) Mission
c) Objectives
a) Goals
d) Vision
3.
_defines the nature of the business, and its current business activities to realize its vision.
a) Goals
b) Mission
c) Objectives
d) Vision
4.
_refers to accounts payable and accruals incurred because of increase in assets other than
property, plant and equipment.
a) Cost of sales ratio
b) Dividend payout ratio
c) Retention ratio
d) Spontaneous liability
5.
Lare specific and short-term directions for the actions to be done to reach the goals.
d) Vision
a) Goals
b) Mission
c) Objectives
6.
is the portion of earnings that is plowed back to the business.
b) Dividend payout ratio
a) Cost of sales ratio
c) Retention ratio
d) Spontaneous liability
Transcribed Image Text:1. Financial planners work_ a) Independent of other departments c) Only with the production department b) In coordination with all departments d) With inputs only from the top 2. _conveys the ultimate goal of the organization. b) Mission c) Objectives a) Goals d) Vision 3. _defines the nature of the business, and its current business activities to realize its vision. a) Goals b) Mission c) Objectives d) Vision 4. _refers to accounts payable and accruals incurred because of increase in assets other than property, plant and equipment. a) Cost of sales ratio b) Dividend payout ratio c) Retention ratio d) Spontaneous liability 5. Lare specific and short-term directions for the actions to be done to reach the goals. d) Vision a) Goals b) Mission c) Objectives 6. is the portion of earnings that is plowed back to the business. b) Dividend payout ratio a) Cost of sales ratio c) Retention ratio d) Spontaneous liability
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