Homework answers / question archive / 1

1

Business

Share With

1. What is the difference between profits and cash flow?
2. Why can a company outgrow its cash?
3. What is the relationship between profit margins and growth capacity?

And: 1. Who should be involved in the development of the budget?
2. Why is it important to have management approval of a budget?
3. To what extent does the budget serve as a goal and to what extent does the budget serve as a roadmap for management?