A Procrustes approach to financial planning is based on:
A) a policy of producing a financial plan once every five years.
B) developing a plan around the goals of senior managers.
C) a proactive approach to the economic outlook.
D) a flexible capital budget.
E) a flexible capital structure.

Question

Quizplus · Accepted Answer

A Procrustes approach to financial planning involves fitting the financial plan to pre-determined goals or frameworks, often those set by senior management, rather than adapting the plan to the changing environment or specific circumstances of the organization.

A Procrustes Approach to Financial Planning Is Based On