Which of the Following Statements Regarding Financial Planning Is Accurate

question 93

Multiple Choice

Which of the following statements regarding financial planning is accurate?

• A) Financial planning insures a firm will not be surprised by unforeseen future events.
• B) By using financial planning, a firm can clearly identify its options for the coming fifteen years.
• C) The use of financial planning allows a firm to eliminate the interactions between its operating policies and its financing policies.
• D) Financial planning allows a firm to plan for the future in a systematic fashion.
• E) Financial planning takes the burden off the financial manager and places it on the operations manager who must carry out the plan as laid out.

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Definitions:

Organizational Strategies

Broad-based plans or approaches adopted by a business or organization to achieve its long-term goals and objectives.

Organizational Tactics

Specific actions or strategies that an organization employs to achieve its objectives and navigate its business environment.

Core Values

Fundamental beliefs or principles that guide an organization's internal conduct as well as its relationship with the external world.

Enduring Principles

Fundamental and lasting beliefs or guidelines that dictate behavior and action.