Because financial planning usually takes place in a highly uncertain environment,
A) it is rarely worth the time and expense.
B) time horizons should be limited to a few months.
C) it is important to develop contingency plans to respond to unexpected events.
D) it should avoid such specific issues as what sources of financing to use.

Question

Quizplus · Accepted Answer

Financial planning is important even in highly uncertain environments. It is crucial to develop contingency plans to respond to unexpected events and mitigate risks. This helps to ensure that the financial plan remains relevant and feasible, even in the face of changing circumstances.

Because Financial Planning Usually Takes Place in a Highly Uncertain