Fache hc - Study guides, Class notes & Summaries
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FACHE - HC Finance questions and answers 100% verified
- Exam (elaborations) • 9 pages • 2023
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FACHE - HC Finance questions and answers 100% verified. Definition and Rule of Inurement - correct answers.- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - correct answ...
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FACHE - HC Finance | 86 Questions And Answers
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FACHE - HC Finance | 86 Questions And Answers
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ACHE BOG FACHE - HC Finance QUESTIONS WITH COMPLETE SOLUTIONS
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Definition and Rule of Inurement Correct Answer: - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Correct Answer: Less than 50 days Definition of working capital Correct Answer...
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