Successful financial management starts with an outline of funds needed for a period of time, along with sources and intended uses of those funds, referred to as a(n) ________
A) economic order
B) financial plan
C) strategic plan
D) financial statement
E) risk/return trade-off analysis
Answer: B
Explanation: Successful financial management starts with a financial plan, a document that outlines the funds a firm will need for a certain period of time, along with the sources and intended uses of those funds.
Business
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