A benefit of compiling a short-term financial plan is being able to estimate how long of a time period your firm might need a loan.

Name: A benefit of compiling a short-term financial plan is being able to estimate how long of a time period your firm might need a loan.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

A short-term financial plan helps in estimating cash flows and financial needs in the near future, allowing a firm to determine the duration and amount of a potential loan.

A Benefit of Compiling a Short-Term Financial Plan Is Being