The treasurer is the personal responsible for coordinating the preparation of the operating budgets.               True / False 

Typical operating budgets include investment budgets, cash budgets and pro-forma financial budgets.             True / False 

Budgeting is the process that translates corporate intentions into specific tasks, and identifies the resources needed by managers to carry them out.              True / False 

Opportunities are elements of the internal environment that offer a company certain avenues for expansion.          True / False 

Budgeting helps managers to formulate strategic objectives and plans.                      True / False 

Job descriptions can be used as a preventive control tool.                     True / False 

Total assets are the item that appears most often in the five measures that helps to calculate the overall financial health score of a business.                   True / False 

It is NOT important for NFP organizations to prepare cash budgets.                    True / False