After Your Financial Plan Is Developed It Should Be

question 67

Multiple Choice

After your financial plan is developed it should be

• A) locked in a safe for keeping so it isn't stolen.
• B) reviewed every five years.
• C) monitored and updated annually.
• D) sold to others.

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Definitions:

Sales Returns

Transactions involving the return of sold goods from the customer to the seller, often resulting in a refund or credit.

Credit Sales

Sales made by a business where payment is delayed as per agreed terms.

Inferior Merchandise

Goods that are of lower quality than the standard expected by consumers, often resulting in reduced customer satisfaction.

Sales Invoice

A document that supports each credit sale.