Financial planning models:

Question

Quizplus · Accepted Answer

Financial planning models are indeed mathematical representations that help in understanding the relationships and dependencies that influence the budgeting process. These models help in performing various types of analyses that are essential for effective budgeting, such as sensitivity analysis, scenario planning, and forecasting. Therefore, Option A is the correct answer. Option B, C, and D are incorrect because financial planning models are not only useful for sensitivity analysis but are primarily used for financial aspects of budgeting. Additionally, they are widely used in the budgeting process by organizations of all sizes and types.

Financial Planning Models