A Major Chapter of the Budgeting Process to Ensure Overall

question 53

Multiple Choice

A major Chapter of the budgeting process to ensure overall financial success is

• A)reducing credit limits on credit cards.
• B)limiting entertainment expenses.
• C)establishing an emergency fund.
• D)planning an overdraft for your chequing account.

Understand key financial ratios and their significance in financial planning.

Realize the role of cash budgeting in financial management.

Apply theoretical knowledge in practical financial planning exercises.

Acknowledge the significance of short-term financing in managing cash flow.