Problem 1. When writing an internal management report, the following audiences should be considered, except:
- initial audience
- external audience
- primary audience
- secondary audience
- watchdog audience
Problem 2. Which of the following is not a purpose for an internal management report?
a. to communicate financial information
b. to align with organizational goals
c. to influence shareholders
c. to make actionable recommendations
d. to plan financially
Problem 3. Which of the following best differentiates strategic financial plans from other types of plans?
a. Strategic financial plans are consequential, active and reactive, and have decisions that limit possible future actions.
b. Strategic financial plans include daily decision-making, reactionary, and are static.
c. Strategic financial plans are dynamic, done only once per year, and have decisions that impact past actions.
d. None of the above.
Problem 4. The maximum growth rate in sales or assets assuming that operating and financing policies are held constant is called the sustainable growth rate.
Problem 5. A document that summarizes the operation and strategy of the organization with special regard to management, operations, financing, and marketing is called a strategic plan.