Which of the Following Are Benefits of Compiling a Short-Term

question 73

Multiple Choice

Which of the following are benefits of compiling a short-term financial plan?
I. knowing ahead of time when your firm will probably require external financing
II. being able to estimate how long of a time period your firm might need a loan
III. being able to determine when your firm can best afford to spend funds on a capital expenditure
IV. knowing when your firm should have excess funds that can be invested

• A) I and III only
• B) I, II and IV only
• C) II, III and IV only
• D) I, II and III only
• E) I, II, III and IV

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Definitions:

Feedback

Information provided about the result of an action or process, used as a basis for improvement.

Cognitive Reevaluation

Involves changing the way one thinks about a situation in order to alter its emotional impact.

Perceived Inequity

A feeling of unfairness experienced when individuals perceive that their ratio of efforts to rewards does not align with those of others.

Change Perspective

The act of shifting one's viewpoint or approach to understanding or interpreting information, situations, or concepts in a different way.