Erick's Transition Erick Is Currently a Manager of a Small

question 245

Multiple Choice

Erick's Transition Erick is currently a manager of a small financial planning firm.He is seeking a new career with a large corporation in the banking industry.He recently applied for the financial manager opening at G & T Bank.He is concerned that the transition from his small firm to a large corporation will be difficult.To better prepare himself for this change,he has decided to enroll in a few business classes to strengthen his understanding of corporate finance.The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan,equity financing,and debt financing.Erick now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Erick's Transition.When Erick creates a financial plan,his first step should be which of the following?

• A) Identify available sources of financing.
• B) Decide which goals to finance.
• C) Describe which type of financing to use.
• D) Establish a set of valid goals and objectives.
• E) Determine how much money is needed to accomplish each goal.

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Definitions:

Willingness to Take Risks

The propensity of an individual to engage in behaviors or actions that have the potential for negative outcomes in pursuit of a desired result.

Defer to Others

The act of yielding or submitting to the judgment, opinion, or decision of another person.

Controversial Issue

A topic or matter that generates significant disagreement or debate among people, often due to differing beliefs, values, or interests.

Evaluate Conflicting Views

The process of critically assessing differing opinions or perspectives on a particular issue.