Financial Planning, When Properly Executed

question 160

Multiple Choice

Financial planning, when properly executed:

• A) Ignores the normal restraints encountered by a firm.
• B) Ensures that the primary goals of senior management are fully achieved.
• C) Reduces the necessity of daily management oversight of the business operations.
• D) Helps ensure that proper financing is in place to support the desired level of growth.
• E) Eliminates the need to plan more than one year in advance.

---

Definitions:

Secondary Reinforcement

A process where a stimulus reinforces a behavior through its association with a primary reinforcer (e.g., praise or social approval that becomes reinforcing through its association with more direct rewards).

Successive Approximations

A method in behaviorism used to train a new behavior by rewarding actions that are progressively closer to the desired behavior.

Hippocampus

A region of the brain involved in memory formation, organization, and storage, as well as spatial navigation and emotional regulation.

Novel Inputs

New, unfamiliar, or unique data or stimuli that are introduced to a system or individual for processing.