Which of the Following Statements About Financial Planning Models (FPMs)

question 10

Multiple Choice

Which of the following statements about financial planning models (FPMs) is false?

• A)FPMs express a company's financial and operating relationships in mathematical terms.
• B)FPMs allow a user to explore the impact of changes in variables.
• C)FPMs are commonly known as "what-if" models.
• D)FPMs have become less popular in recent years because of computers and spreadsheets.
• E)FPMs are used by management to cope with uncertainty.

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Definitions:

Governmental Employees

Individuals who work for local, state, or federal government agencies or departments.

Basic Divisions

Basic divisions typically refer to the fundamental categories or classifications within a subject or system used to organize or differentiate aspects.

Self-Employed

An individual who works for oneself as a freelancer or the owner of a business rather than for an employer.

Employees

Individuals who are hired by a company or an organization to perform specific jobs in exchange for compensation.