Posted: June 20th, 2016

Define the difference between strategic planning and financial planning. Describe how the two are related?

1. Define the difference between strategic planning and financial planning. Describe how the two are related?

2. Define the difference between forecasting and budgeting. What is the difference between an operating budget and a cash budget?

3. What is meant by the time value of money? What is the Time Value of Money s role in finance?

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