A Financial Plan

question 86

Multiple Choice

A financial plan:

• A) is generally considered to be a useless exercise due to unforeseen events.
• B) should include all possible contingencies.
• C) provides a basis for evaluating future performance.
• D) should always be based on the worst-case scenario.

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Definitions:

Survey Feedback

A process used in organizational development where data is collected through surveys and then fed back to the participants with the aim of facilitating change or improvement.

Effective Guidelines

Are clear, actionable, and well-communicated principles or rules designed to achieve desired outcomes efficiently.

Organization Development

A planned effort to increase an organization's effectiveness and health through interventions in its processes, aiming at improving overall performance.

Skills Training

Increasing the job knowledge, skills, and abilities that are necessary to do a job effectively.