The steps in effective financial planning are
A. establishing organizational goals and objectives, identifying expenses, and budgeting.
B. establishing organizational goals and objectives, budgeting for financial needs, and identifying sources of financing.
C. developing a plan of action, monitoring the plan, and evaluating.
D. identifying sources of financing, budgeting, and evaluating.
E. None of these answers are correct.
Answer: B
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The movement of goods and services among nations without political or economic obstruction is called
A. trade policy. B. free trade. C. trade protectionism. D. privatization. E. trade embargo.
People suffering from sticker shock probably have
A) overestimated their real income. B) underestimated their nominal income. C) overestimated inflation. D) underestimated inflation.
The use of simulation to determine the impact of projects such as nuclear power plants, reservoirs and dams is known as:
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20. No. of breakdowns per week Probability Cumulative probability 0 .10 .10 1 .25 .35 2 .36 .71 3 .22 .93 4 .07 1.00 A) public service operation. B) environmental and resource analysis. C) cost benefit analysis. D) project management.
When a business sells services for cash, assets increase and revenue ________.
Fill in the blank(s) with the appropriate word(s).