In the financial control phase of the financial planning process, a firm is primarily concerned with:
A)the amount of funds it generates internally.
B)determining the investments it should purchase with free cash flows.
C)determining its financial breakeven point.
D)the degree of financial leverage that is acceptable.
E)implementing financial plans and dealing with the feedback and the adjustments needed to meet its goals.

Question

Quizplus · Accepted Answer

In the financial control phase, the firm is focused on implementing financial plans and making any necessary adjustments to meet its goals. This involves monitoring financial performance, comparing actual results to projected results, and taking corrective actions if there are any deviations from the plan. While considerations such as generating internal funds, determining investments, financial breakeven point, and financial leverage may be relevant, they are not the primary concern in this phase.

In the Financial Control Phase of the Financial Planning Process