What elements are found in an effective financial plan?
A) Flexibility to allow for changes in your situation
B) Sufficient liquidity to meet unexpected needs
C) Insurance protection from catastrophic events
D) Helps you legally reduce the amount of taxes you owe
E) All of the above
Answer: E
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______ occurs when both parties negotiate a win–win solution.
A. Accommodation bargaining B. Competitive bargaining C. Integrative bargaining D. Distributive bargaining
Until recently, China required fund-raising organizations to ______.
A. pay taxes B. hire government workers C. obtain a government sponsor D. pay interest on financial gifts
_______ refers to companies conducting business worldwide without boundaries.
A. Trade bloc B. Global village C. Expatriate D. Offshoring E. Outsourcing
A company's strategic plan
A. focuses on offering a more appealing product than rivals. B. lists methods of making money in its chosen business. C. maps out the company's history. D. outlines the competitive moves and approaches to be used in achieving the desired business results. E. links the company's financial targets to control mechanisms.