The Key Aspects of the Financial Planning Process Are

question 12

Multiple Choice

The key aspects of the financial planning process are

• A) cash planning and investment planning.
• B) cash planning and financing.
• C) cash planning and profit planning.
• D) investment planning and profit planning.

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Definitions:

Control Process

The systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably to take any corrective action required.

Measurement

The process of quantifying attributes or phenomena, typically using instruments or standardized tests, to obtain data.

Significant Differences

Implies statistically or practically meaningful discrepancies between data sets, groups, or results.

Quality of Production

The degree to which products or services meet or exceed customer expectations in terms of features, reliability, and performance.