Financial ratios are control mechanisms to test the financial strengths of a new venture.

Name: Financial ratios are control mechanisms to test the financial strengths of a new venture.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Financial ratios are widely used to measure the financial performance and health of a business. They help to identify any areas of weakness and inform decision-making. Therefore, they serve as important control mechanisms for assessing the financial strengths of a new venture.

Financial Ratios Are Control Mechanisms to Test the Financial Strengths