In this case, I would probably believe that a good master budget would include statements or footnotes that would addres
Posted: Sun Jun 05, 2022 8:12 pm
In this case, I would probably believe that a good master budget
would include statements or footnotes that would address both of
these issues. "If we experience a level of profits that are
in excess of this current budget plan, the Board of Directors and
executive management will consider investments in XYZ projects or
the reserve of $XXX amount of cash in safe investments as its first
use of these funds. However, in the case of an unexpected
downturn, the Board and management will look to ______ in order to
determine how to pivot operations in a way that will diminish the
negative impact, sustainability, or survival of the company."
would include statements or footnotes that would address both of
these issues. "If we experience a level of profits that are
in excess of this current budget plan, the Board of Directors and
executive management will consider investments in XYZ projects or
the reserve of $XXX amount of cash in safe investments as its first
use of these funds. However, in the case of an unexpected
downturn, the Board and management will look to ______ in order to
determine how to pivot operations in a way that will diminish the
negative impact, sustainability, or survival of the company."