Financial Planning and Budgets

Financial Planning and Budgets

12th Grade

20 Qs

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Financial Planning and Budgets

Financial Planning and Budgets

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Ray Navarro

Used 31+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long-term plans consider the costs and returns for fixed assets, research and development activities, marketing and product development actions, capital structure, and major sources of financing.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short term financial plans specify day to day operations, financial actions that will take place within the year, and the anticipated impact of those actions.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of planning involves purchasing inventory?

Short term planning

Long term planning

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of planning is purchasing land and equipment for a new factory?

Short term financial planning

Long term financial planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of financial planning involves deciding on capital structure (equity financing vs. debt financing)?

Short term Planning

Long term planning

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finding a source of funds to pay for employee salaries next month involves what type of financial planning?

Short term financial planning

Long term financial planning

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An accurate sales forecasts is not important in budgeting because it may be adjusted at any time.

True

False

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