The financial competencies needed by an organization are directly correlated with the complexity of transactions in which the company engages and the size of the company.

Question

Quizplus · Accepted Answer

This statement is true. As a company engages in more complex transactions and grows in size, it requires more advanced financial competencies to effectively manage its finances. These competencies may include financial analysis, forecasting, budgeting, and risk management.

The Financial Competencies Needed by an Organization Are Directly Correlated