A(n) ______ is a document that specifies the funds a firm will need for a period of time, the timing of inflows and outflows, and the most appropriate sources and uses of funds.
A) asset management plan
B) budget
C) strategic plan
D) financial plan

Question

Quizplus · Accepted Answer

A financial plan outlines a firm's financial goals, budget, and strategies for achieving those goals. It includes projections for cash inflows and outflows, as well as recommendations for how to allocate funds in the most effective and efficient way possible. An asset management plan focuses specifically on managing a company's assets, while a budget is a more specific plan for how to allocate funds on a more granular level. A strategic plan outlines a firm's broader goals and objectives, rather than specifically focusing on finances.

A(n) ______ Is a Document That Specifies the Funds a Firm