The steps in effective financial planning are
A) establishing organizational goals and objectives, identifying expenses, and budgeting.
B) establishing organizational goals and objectives, budgeting for financial needs, and identifying sources of financing.
C) developing a plan of action, monitoring the plan, and evaluating.
D) identifying sources of financing, budgeting, and evaluating.
E) None of the above are correct.

Question

Quizplus · Accepted Answer

The best steps in effective financial planning are establishing organizational goals and objectives, budgeting for financial needs, and identifying sources of financing. These steps are crucial in ensuring that organizations have enough financial resources to achieve their goals and objectives while securing appropriate financing sources to support their financial needs.

The Steps in Effective Financial Planning Are