Which of the Following Statements Regarding fiNancial Planning Is Accurate

question 345

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:

Nymphomania

An outdated term historically used to describe excessive or uncontrollable sexual desire in women; now understood in terms of potential hypersexuality disorders.

Satyriasis

An excessive or pathological sex drive in men, often equated with the female condition called nymphomania.

Menarche

The onset of menstruation.

Menopause

The period in a woman's life, typically between 45 and 55 years of age, when menstruation ceases, marking the end of reproductive capability.