Charlie develops a plan for obtaining and using the money necessary for his company to implement its goals.This is called a(n)
A) credit policy.
B) capital budget.
C) operational plan.
D) financing agreement.
E) financial plan.

Question

Quizplus · Accepted Answer

Charlie's plan involves obtaining and using money for his company's goals, which falls under financial management. The most appropriate option for this scenario is a financial plan, which outlines how the company will raise and allocate funds to achieve its objectives. A credit policy deals with how a company will extend credit to customers, while a capital budget pertains to the allocation of funds for long-term investments. An operational plan outlines the day-to-day activities of a business, and a financing agreement refers to a legal contract between parties that governs the terms of a loan or investment.

Charlie Develops a Plan for Obtaining and Using the Money