Which is not a misconception about financial management

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Problem 1: Which is not a misconception about Financial Management?

A. Financial management is accounting

B. Financial management is a review of mathematics

C. Financial management is a branch of statistics

D. None of the above.

Problem 2: Zero-based budgeting (ZBB) is a budgetary process

A. In which the budget is largely based on the expenditures of the previous year.

B. The present planned activities for a period of time, but does not present a firm commitment.

C. Where the budget variance is always equal to zero

D. That divides the activities of individual responsibility centers into a series of packages that are prioritized after being evaluated from a cost-benefit perspective

Reference no: EM132760112

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