When Most of the Elements of a Financial Plan Are

question 36

Multiple Choice

When most of the elements of a financial plan are related to sales levels, the plan is:

• A)Less likely to be effective
• B)Using sales as a plug figure
• C)A percentage of sales model
• D)Not adjusted for inflation

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Definitions:

Physical Duress

Coercion involving the threat of physical harm to compel someone to do something against their will or judgment.

Voidable Title

A legal status in transactions where the title or ownership of an asset can be declared invalid by one party if certain legal deficiencies are discovered.

Good Faith Purchaser

A person who buys property without knowledge of any existing claims, liens, or encumbrances against it.

F.O.B. Hartford

specifies terms of a shipping agreement where the seller is responsible for transportation costs and risks until the goods reach Hartford, at which point the buyer assumes responsibility.