What is the first step in developing a financial plan?
A) set financial goals
B) know where your money goes
C) take a financial inventory
D) create a budget
E) execute the plan
C
Explanation: C) The first step when beginning a financial plan is taking a financial inventory. You need to list everything of value that you own (your assets) and then subtract from that total everything that you owe in loans and credit card balances.
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________ slides indicate which material has been covered and which section you are about to begin
A) Title B) Agenda C) Navigation D) Template E) Program
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Answer the following statement true (T) or false (F)
In contrast to a batch processing system, in a real-time system
a. a lag occurs between the time of the economic event and when the transaction is recorded b. relatively fewer hardware, programming, and training resources are required c. a lesser resource commitment per unit of output is required d. processing takes place when the economic event occurs
A salesperson must always search for new prospects to increase sales and replace previous customers.
Answer the following statement true (T) or false (F)