Asked by Christopher Flores on Jun 05, 2024
Verified
Selma,a financial manager at AJS Inc.has to organize the finances of her company for one to two years.In the context of financial planning,she should develop a(n) _____ plan to accomplish this purpose.
A) strategic
B) operating
C) security
D) leverage
Operating Plan
A detailed document outlining the day-to-day operations required to run a business, including production, staffing, and inventory management processes.
Financial Planning
The process of estimating the capital required and determining its competition; it is the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.
Strategic
Relating to the identification of long-term or overall aims and interests and the means of achieving them, often involving planning and resource allocation.
- Differentiate among various financial planning types and their intended objectives.
Verified Answer
MR
Maria RolonJun 08, 2024
Final Answer :
B
Explanation :
Operating plans are designed for short- to medium-term financial planning, typically covering a period of one to two years, which aligns with Selma's needs for organizing the company's finances.
Learning Objectives
- Differentiate among various financial planning types and their intended objectives.