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Financial Planning Quiz

Total questions: 12

Worksheet time: 24mins

Name
Class
Date
1.

It includes the vision, mission, and goals set by the top level of management.

a)

tactical planning

b)

strategic planning

c)

operational planning

d)

financial planning

2.

It helps the company by translating the strategic plans into specific plans or actions carried out by the middle level of management.

a)

tactical planning

b)

strategic planning

c)

operational planning

d)

financial planning

3.

It involves day-to-day operations carried out by the lower-level management.

a)

tactical planning

b)

strategic planning

c)

operational planning

d)

financial planning

4.

It sets the company’s direction.

a)

short-term goal

b)

mid-term goal

c)

long-term goal

d)

none of the above

5.

It describes what a company wants to become.

a)

vision

b)

mission

c)

goal

d)

objective

6.

Arrange the financial planning process in order using Roman Numerals (I, II, III, IV, V, VI).

4 lines
7.

What are your goals in life?

4 lines
8.

How do you start setting goals?

4 lines
9.

Based on the goal ladder, how does setting goals lead to success?

4 lines
10.

Define financial planning using your own words. (1 to 2 sentences)

4 lines
11.

Enumerate the different steps in planning.

4 lines
12.

Explain the importance of financial planning. (1 to 2 sentences)

4 lines