Financial Planning,when Properly Executed

question 80

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:

Taxi Cabs

Licensed vehicles for hire that provide passenger transport services for a fare, traditionally hailed on the street or booked in advance.

Cab Fares

Charges levied for the service of transporting individuals in taxicabs, typically based on distance traveled and time taken.

Operating Cost

Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and salaries.

Subway Fares

The charges or fees paid by passengers for using the subway system for transportation.