Question

Which of the following tests do good financial policies meet? Circle all that apply. a. Do they create value? b. Do they create a competitive advantage? c. Do they sustain the company’s managerial vision? d. All of the above.

Answer 1

Good financial policies should meet all of the above tests.

Therefore correct answer is option: d. All of the above

· Good financial policies should create value by efficient use of the resources

· Good financial policies create a competitive advantage by developing the attributes that allows it to outperform its competitors.

· Good financial policies sustain the company’s managerial vision by setting policies according to its future goal.