WorksheetsPOST-TEST: FINANCIAL PLANNING PROCESS
Total questions: 5
Worksheet time: 50secs
A statement of what is to be done in the future
a. budget
b. financial plan
c. business plan
d. contingency plan
2. __________ process of framing objectives, policies, procedures, programs and budgets regarding the financial activities
a. Strategic planning
b. Tactical planning
c. Financial Planning
d. Family Planning
3. An important aspect of the firm’s operations because it provides road maps for guiding, coordinating, and controlling the firm’s actions to achieve its objectives.
a. Planning
b. Organizing
c. Controlling
d. Directing
4. What is the first step in the financial planning process?
a. Determine contingency plans
b. Identify goal-related task
c. Identify resources
d. Set goals or objectives
5. What is often referred to as “Plan B”?
a. Annual Plan
b. Contingency Plan
c. Operational Plan
d. Optimum Plan
