Short-Term Financial Plans Are Developed Using the Following Methods

question 20

Multiple Choice

Short-term financial plans are developed using the following methods:
I. Trial and error
II. Simulation programs
III. Optimization models

• A) I only
• B) I and II only
• C) II and III only
• D) I, II and III

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Definitions:

Dimensional Approach

A method of categorizing characteristics on a continuum rather than as distinct categories, often used in psychology to measure the degree of mental health issues.

Categorical Approach

A technique for classification that relies on clear and separate categories or groups.

Psychiatric Approach

is a method in medicine focusing on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Preparedness

A concept in psychology that suggests organisms are innately predisposed to form certain associations or learn particular types of behaviors more easily.