Predicting a firm's future financial needs includes all of the following steps EXCEPT
A) review of the firm's sales revenues and expenses over all past planning periods.
B) estimation of investment levels for current and fixed assets.
C) estimation of projected sales and expenses.
D) determination of the firm's financing needs for the period.
A
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When monetary policy eases before elections to favor incumbent politicians, it is referred to as
A. a liquidity trap. B. an expectations trap. C. political creative destruction. D. a political business cycle.
Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
a. A debit entry was recorded in the wrong account. b. A debit was entered in an account as a credit. c. The account balance was carried to the wrong column of the trial balance. d. The balance of an account was incorrectly computed.
Miller Brewing, which was acquired by Philip Morris, was related to the parent company's tobacco business because it was possible to create important marketing commonalities: both beer and tobacco are mass market consumer goods in which brand positioning, advertising, and product development skills are crucial to create successful new products. This is an example of which of the following?
A. Transferring competencies B. Leveraging competencies C. General organizational competencies D. Economies of scope E. Organizational design skills
______ is a performance appraisal method in which a manager keeps a written record of the positive and negative performance of employees throughout the performance period.
A. Behaviorally anchored rating scale form B. Narrative method or form C. Management by objectives method D. Critical incidents method