| Question | Answer |
| 1. What do you call the phase in which financial plans are implemented; the feedback and adjustment process required to ensure adherence to plans and modification of plans because of unforeseen changes? | Financial Control
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2. What do you call the forecast of a firm's unit and dollar sales for some future period? | Sales Forecast
| 3. What do you call the projection of sales income, and assets based on alternative production and marketing strategies as well as the determination of the resources needed to achieve these projections? | Financial Planning
| 4. What do you call this method of forecasting financial requirements based on forecasted financial statements? | Projected Balance Sheet Method
| 5. These funds are obtained from routine business transactions. | Spontaneously Generated Funds
| 6. These are funds that a firm must raise exernally through borrowing or by selling new stock. | Additional Funds Needed (AFN)
| 7. What do you call the effects on the income statement and balance sheet of actions taken to finance forecasted increases in assets? | Financing Feedbacks
| 8. What do you call the assets that cannot be acquired in small increments, instead, they must be obtained in large, discrete amounts? | Lumpy Assets
| 9. This is an analytical technique for studying the relationship among sales revenues, operating costs, and profits. | Breakeven Analysis
| 10. These are operating costs that remain the same (constant) regardless of the level of production. | Fixed Operating Costs
| 11. What are the two types of leverage that exists in a firm? | Operating Leverage and Financial Leverage
| 12. This is a schedule that shows cash receipts, cash disbursements and cash balances for a firm over a specified period of time. | Cash Budget |
