Which of the Following Is NOT One of the Steps

question 30

Multiple Choice

Which of the following is NOT one of the steps taken in the financial planning process?

• A) Assumptions are made about future levels of sales,costs,and interest rates for use in the forecast.
• B) The entire financial plan is reexamined,assumptions are reviewed,and the management team considers how additional changes in operations might improve results.
• C) Projected ratios are calculated and analyzed.
• D) Develop a set of projected financial statements.
• E) Consult with key competitors about the optimal set of prices to charge,i.e. ,the prices that will maximize profits for our firm and its competitors.

Knowledge of operant conditioning principles including punishment, negative reinforcement, positive reinforcement, extinction, and modeling.

Distinguish between positive and negative reinforcement and their applications in work settings.

Appreciate the complexities around administering punishment and extinguishing undesired behaviors in organizational settings.

Understand the strategic application of reinforcement and punishment to shape desired behaviors in organizational settings.

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Definitions:

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.