Financial Planning

question 28

Multiple Choice

Financial planning:

• A)focuses solely on the short-term outlook for a firm.
• B)is a process that firms employ only when major changes to a firm's operations are anticipated.
• C)is a process that firms undergo once every five years.
• D)considers multiple options and scenarios for the next two to five years.
• E)provides minimal benefits for firms that are highly responsive to economic changes.

Analyze the effects of employee participation in goal-setting and gain-sharing plans on organizational performance and employee satisfaction.

Understand the mechanisms of phantom stock plans and share appreciation rights as alternative compensation methods.

Understand how to manipulate and extract specific components (seconds, minutes, hours, month number) from time and date values in Excel.

Learn to round numbers, including times to the nearest specified interval, and understand rounding functions (ROUND, ROUNDDOWN, ROUNDUP).