By appropriately preparing a forecast budget, a company can avoid __________.

• a net loss

• regulation

• inventory shortages

• insolvency

Which of the following is an example of an agency conflict?

• Board oversight

• Manager's salary

• Managerial self-dealing

• Shareholder voting rights

Under GAAP, how would the sale of company-owned land be accounted for on the statement of cash flows?

• As a decrease in cash flow from financing

• As an increase in cash flow from investment

• As a decrease in cash flow from operations

• As an increase in cash flow from operations

Financial forecasting answers the question "__________"

• What are our goals?

• Do we have enough production capacity?

• What will our sales be?

• When should we begin?