An organization without adequate financial management might:
A) Ignore aspects of cost and cash-flow management
B) Have tight budget controls
C) Have clear financial reporting processes
D) Assign financial responsibility at all managerial levels

Question

Quizplus · Accepted Answer

If an organization lacks adequate financial management, it may ignore aspects of cost and cash-flow management, leading to poor financial performance and possibly even bankruptcy. Tight budget controls, clear financial reporting processes, and assigning financial responsibility at all managerial levels are all signs of good financial management practices, which would not be present if an organization lacks adequate financial management.

An Organization Without Adequate Financial Management Might