The Main Objective of Long-Term Financial Planning Models Is To

question 89

Multiple Choice

The main objective of long-term financial planning models is to:

• A)determine the asset requirements given the investment activities of the firm.
• B)plan for contingencies or uncertain events.
• C)determine the external financing needs.
• D)All of the above.
• E)None of the above.

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Definitions:

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and changes in society.

Credential Inflation

refers to the growing demand for higher educational qualifications for jobs that previously required less formal education, leading to an escalation in the educational requirements for employment.

Technical Requirements

Specifications or criteria defined by developers or stakeholders that outline the technical needs a project or product must meet.

Professionalization

The process of developing or elevating an occupation to a higher status by establishing formal criteria, standards, and ethics.