Financial managers should

a. ignore minor budgeting problems and concentrate on major problems when budgeting.

b. hire a person to go over interim budgets.

c. establish a means of monitoring financial performance on an interim basis.

d. prepare budgets and hope for the best.

e. fire or demote individual managers when budgeting goals are not achieved.

Question

Business

Hailee Stein

27 November, 14:28

Financial managers should

a. ignore minor budgeting problems and concentrate on major problems when budgeting.

b. hire a person to go over interim budgets.

c. establish a means of monitoring financial performance on an interim basis.

d. prepare budgets and hope for the best.

e. fire or demote individual managers when budgeting goals are not achieved.

+3

Answers (1)

Know the Answer?

Rodney Harrington · Answer 1

c. establish a means of monitoring financial performance on an interim basis.

Explanation:

The financial manager should establish means of monitory of the performance on an interim basis. As they are responsible for the financial health of the organization and prepare the financial reports and the financial activities. Have to develop a strategic and a long term plan for the goals of the organization and monitor the works in banks and financial institutions and other financial companies.