The financial planning process begins with ________ financial plans that in turn guide the formation of ________ plans and budgets.

Question

Quizplus · Accepted Answer

The financial planning process typically begins with developing long-term financial plans, which lay out objectives and strategies for achieving them. These plans then guide the development of short-term plans and budgets, which provide specific steps for implementing the long-term plans. Therefore, the best choice is D - long-term plans guide the formation of short-term plans and budgets.

The Financial Planning Process Begins with ________ Financial Plans That