Asked by Christopher Flores on Jun 05, 2024

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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.
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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.