Asked by Logan Tippett on Jun 20, 2024
Verified
A financial plan can help in anticipating financing needs.
Financing Needs
The requirement for funds to cover the startup, expansion, or operational activities of a business.
- Recognize the relationship between business plans and executive decision-making, including bonuses and financing needs.
Verified Answer
TA
Tselal AbrhaJun 22, 2024
Final Answer :
True
Explanation :
A financial plan involves analyzing and projecting future cash flows, expenses, and revenue. By doing so, it can identify when financing may be needed and help a business prepare for those needs in advance.
Learning Objectives
- Recognize the relationship between business plans and executive decision-making, including bonuses and financing needs.
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