Thorough,Inc.,builds computerized vacuum cleaners that utilize GPS and artificial intelligence to learn furniture locations,stair locations,and other things that will hamper their operation.The chief financial officer for the company recently met with the accounting staff to discuss current assets,current liabilities,and the current ratio as a part of setting quantifiable goals for future expenditures.Which financial management activity was the chief financial officer and accounting staff engaged in?

Question

Quizplus · Accepted Answer

The chief financial officer and accounting staff were engaged in financial planning and management of the company's assets and liabilities, particularly in setting goals for future expenditures. This aligns with the activity of ensuring spending is planned and controlled. The other options, such as ensuring timely payment of bills or investing excess cash, are not directly related to the discussion of current assets, liabilities, and the current ratio.