The First Step in the Financial Planning Process Is

question 22

Multiple Choice

The first step in the financial planning process is:

• A)establishing financial control.
• B)preparing financial statements.
• C)developing budgets.
• D)forecasting financial needs.

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Definitions:

Enforceable

Capable of being imposed by law or through legal action, usually in reference to contracts, agreements, or regulations.

Sale of Goods

A transaction between a buyer and seller where the ownership of tangible personal property is transferred for a price.

Quantity Term

A provision in a contract that specifies the amount of goods or services to be provided or delivered.

Enforceable

A term used to describe a legal agreement or rule that can be upheld or compelled by law.