The financial management practices which are least effective in creating and monitoring an operating budget include top down/bottom up budgets, poor inventorying, lack of control, over control, and lack of staff investment.
In business, financial management includes the practice of making a business plan and then ensuring that all departments which falls under it stay on track and work properly.
Creating and monitoring an operating budget for the national government involves four distinct processes which are, budget preparation, budget authorization, budget execution and accountability.
Hence, the operating budget helps in keeping track of the income and expenses in an organization.
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<span>In doing a presentation, budgeting ones time
is very significant. Budgeting time for a presentation can be the period of
preparation or it can be the allotment of time for the presentation itself.
During the planning period, of course it is necessary to be ready for the content
and visual of the presentation. Plan ahead of time and not just do everything
overnight. With regards to the presentation, it depends on the time given to
you as a speaker. Just be sure that the body or content of your presentation
must be longer compared to the introduction and conclusion. It does not need to
be lengthy but it must contain the important details of your topic. </span>
-Address with formal name
-Times New Roman font
-End letter with
-no longer than three paragraphs
- use block format
Answer:
Yes under the theory of conversion.
Explanation:
Conversion occurs when an individual takes possession of an item and excercises ownership of it in a way that is in conflict with the real owner's right of possession.
In this instance Eddy paid in a cheque that was not owned by him. The onus was on the bank to confirm from the account owner the real beneficiary of the check.
This would have prevented the conversion of the check through an illegal indorsement.
Conversion is a common type of fraud with regards to dividend warrants where dividend warrants edited to present a different person as the owner of the check.
