Which of the Following Is NOT One of the Steps

question 35

Multiple Choice

Which of the following is NOT one of the steps taken in the financial planning processσ

• A) monitor operations after implementing the plan to spot any deviations and then take corrective actions.
• B) determine the amount of capital that will be needed to support the plan.
• C) develop a set of forecasted financial statements under alternative versions of the operating plan in order to analyze the effects of different operating procedures on projected profits and financial ratios.
• D) consult with key competitors about the optimal set of prices to charge, i.e., the prices that will maximize profits for our firm and its competitors.
• E) forecast the funds that will be generated internally. if internal funds are insufficient to cover the required new investment, then identify sources from which the required external capital can be raised.

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Definitions:

Cleanup Enzymes

Biological molecules that break down or remove unwanted or toxic substances within an organism.

Antagonist

A substance that acts against and blocks an action in pharmacology, or a character in opposition to the protagonist in literature.

Neurotransmitter

Chemical substances in the nervous system that transmit signals between neurons or from neurons to muscles.

Exogenous

Originating from outside an organism or system; external factors or influences that are not produced within an organism.