Why should you approach every problem by drawing a timeline?
A)Timelines eliminate the majority of flawed financial decisions.
B)Timelines identify events in a transaction or investment which might otherwise be easily overlooked.
C)Timelines allow you to quickly sum cash flows over time.
D)Timelines can be used to schedule events which are yet to occur.

Question

Quizplus · Accepted Answer

Drawing a timeline allows you to visually identify and organize the events of a transaction or investment over time, preventing you from missing important details or forgetting key dates. This can help you make more informed decisions and avoid potential mistakes. While options A, C, and D may also be benefits of using a timeline in some situations, they are not the primary reason for approaching every problem with one.

Why Should You Approach Every Problem by Drawing a Timeline