This is Business Princess class!!

1-The three key components of financial planning include?

-forecasting, budgeting, and implementation.

-the balance sheet. the income statement, and the cash flow statement

-forecasting, budgeting, and control.

-None of these choices are correct.

2- Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as?

-financial planning.

-budgeting.

-short-term financing.

-long-term financing.

3-By the end of 2011, Threadless hired Jason Macatangay as Vice President of Finance. Which of the following descriptions best encapsulates his primary

role at the firm?

-ensures efficient operation, attainment of goals, and maintenance of trademark creativity.

-borrows funds to sustain product innovation and growth.

-manages the accounting of funds and inventory.

-collaborates with marketing to finance advertising and promotion campaigns.

4-What was the financial impact of the firm's decision to switch to printinq-on-demand?

-It eliminated the cost of warehousing inventory.

-It took longer to satisfy customer demand, which led to a decline in sales.

-It raised the cost of production.

-It led to increased operating costs.