What Is the Next Step in the Financial Planning Process

question 25

Multiple Choice

What is the next step in the financial planning process after a firm develops a sales forecast?

• A) determine additional funds needed to finance operations
• B) determine the assets required to meet the sales target
• C) determine the firm's optimal capital structure
• D) estimate the degree of operating leverage

---

Definitions:

Contemporary Managers

Modern-day managers who use up-to-date practices and technologies to plan, organize, lead, and control the operations of an organization.

Equitably Produce

The process of ensuring fair and impartial production practices within an organization, promoting fairness in workload and output distribution.

Scientific Management

A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.