Module 1 Financial Planning

Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?

• get enough sleep
• focus on goals, not on tasks
• divide large projects into smaller parts
• be realistic in accepting responsibility for work

Julie, a newly promoted manager, lacks the time to properly prepare employee work schedules and assigns this duty to the assistant manager. Which time management technique is Julie using?

• delegating activities
• standardizing tasks
• setting objectives
• procrastinating

Natalia is upset because she was supposed to work on a certain account today, but her boss switched her to another account at the last minute. Which time-management principle would benefit Natalia?

• be flexible
• get enough sleep
• plan meetings wisely
• know when and how you work best

When scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for:

• activities.
• appointments.
• assignments.
• flexibility.

Which activities should be excluded from a daily to-do list?

• new activities that must be completed the next day
• required activities from the master calendar
• activities previously planned for the day
• activities that must be done next month

The concept of time management refers to the process of how to:

• use a calendar.
• keep a time log.
• organize belongings.
• efficiently use a 24-hour day.

What effect does the demand of time have on the supply of time available?

• The supply of time increases.
• The supply of time decreases.
• The supply of time stays the same.
• The supply of time matches time demanded.

When an employee always works a full day, but never seems to complete any tasks, that employee needs to focus on:

• time management.
• worrying more about the job.
• how to delegate all work responsibilities.
• observing the methods of fellow workers for getting work done.

Which is a way that businesses can use financial information?

• to identify trends
• to conduct focus groups
• to select selling strategies
• to create an economic system

When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:

• flexible.
• relevant.
• timely.
• transparent.