Morgan's Transition Morgan Is Currently a Manager of a Small Financial Planning

question 167

Multiple Choice

Morgan's Transition
Morgan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Morgan now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Morgan's Transition. When Morgan creates a financial plan, his first step should be which of the following?

• A)Identify available sources of financing.
• B)Decide which goals to finance.
• C)Describe which type of financing to use.
• D)Establish a set of valid goals and objectives.
• E)Determine how much money is needed to accomplish each goal.

---

Definitions:

Maintenance Management

The process of overseeing and coordinating maintenance resources and activities to ensure organizational assets are kept in usable condition and available as needed.

Power Plant Maintenance

The routine, preventative, and corrective maintenance tasks required to ensure the efficient and safe operation of a power generation facility.

Unexpected Failure

The sudden malfunction or breakdown of equipment or systems that were not anticipated based on their performance history or maintenance schedules.

Redundant Part

A component in a system designed as a backup or fail-safe, intended to function in case the primary part fails, ensuring reliability and continuity of operations.