Question Details

MHA 612 WEEK 4 LEARNSCAPE
To Move or Not to Move 
Assessing Your Understanding 
Does it have something to do with the fact that you live in the suburbs, Casper, and were hoping for less of a drive-time to get here? 
 A)When you look at the decline in market share, it's really only 2% over the last three years. I think we can pick that back up easily. 
B) There's always public transportation! 


Explain the ground you covered on the relationship between financial planning and strategic planning. 
 A)Yes, the two definitely should go hand in hand, with the Board and management actively participating in both. 

 B)Right. From now on, we keep everything separate. It was far too complicated this way. 


What key financial policy targets do you plan on focusing on in the future? 
A) Net working capital, current ratios, and debt service coverage. 

 B)Growth rate in assets, debt policy, and return on equity. 


What new policies do you think you should consider when it comes to financial planning? 
 A)We should keep the review process limited to management and only assess the plan every two years. 

 B)We should put a formally defined limit on debt financing, consider ROI by program, and put more focus on non-operating sources of equity. 

What ways can you integrate financial planning with management control? 
A) By using key financial ratios and evaluating the plan on a yearly basis. 

B) By using key financial ratios and evaluating the plan bi-annually. 


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