Which of the Following Is NOT One of the Steps

question 30

Multiple Choice

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

• A) Assumptions are made about future levels of sales,costs,and interest rates for use in the forecast.
• B) The entire financial plan is reexamined,assumptions are reviewed,and the management team considers how additional changes in operations might improve results.
• C) Projected ratios are calculated and analyzed.
• D) Develop a set of projected financial statements.
• E) 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.