What Is the First Step in Preparing a Financial Plan

question 71

Multiple Choice

What is the first step in preparing a financial plan?

• A)Determine the expected level of profits for future periods
• B)A forecast of revenue over some future time period
• C)Estimate the funds needed to implement the strategies
• D)Estimate how many additional assets the company will need

---

Definitions:

Automating Routine Tasks

Implementing software solutions or scripts to execute repetitive tasks without human intervention, increasing efficiency and accuracy.

Database Objects

Structures within a database, such as tables, views, procedures, and indexes, used to store or manipulate data.

Logical Conditions

Statements or expressions in programming that evaluate to true or false, often used to control the flow of execution in software.

Program Flow

The sequence in which instructions are executed or data is processed in a software application.