Financial control is the process through which a firm periodically compares its budget to :
<h3>What is meant by financial control?</h3>
The methods, procedures, and techniques used by an organization to monitor and manage the use, allocation, and direction of its financial resources are known as financial controls. Any organization's resource management and operational effectiveness are fundamentally dependent on its financial controls.
Financial controls are laws and practices intended to stop or catch fraud and accounting irregularities. Financial controls include things like double-counting cash deposits and account reconciliation.
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Financial control is a process through which a firm periodically compares its budget to which of the following? (Select all that apply)
Multiple select question.
(A) stock price
(B) revenues
(C) expenses
(D) market share
(E) costs
Answer:
<em>C. Judy</em>
Explanation:
A merchant underneath the Uniform Commercial Code is an individual who:
- <em>Trades on items such as those included in the sales agreement.
</em>
- <em>Through profession, it considers itself to have unique skills and knowledge relating to the activities or products involved in the deal.
</em>
- <em>Hires a merchant as a dealer, broker or any other distributor.</em>
An individual is a merchant whenever, working in a professional context, he or she possesses or utilizes skills related specifically to both the products and services being offered.
<em>Judy is an expert in horse training, therefore possess skills, that will offer her an advantage in selling horses.</em>
After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.
The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.
It is the set of strategies of the areas:
- Commercial
- Financial
- Marketing
- Production
- Human Resources
- Distribution
- Technology
As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.
Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.
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Answer:
I believe the answer is B. 30 percent
<em>good luck, i hope this helps :)</em>
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