Rhonda,a financial manager at TRM Inc. ,has to organize the finances of her company for one to two years.In the context of financial planning,she should develop a(n)_____ plan to accomplish this purpose.

Question

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Rhonda needs to organize the finances of her company for a short-term period of one to two years. Therefore, she should develop an operating plan, which focuses on achieving the company's short-term goals and objectives, including financial targets, cash flow management, and budgeting. Strategic plans are designed for a longer-term period, usually three to five years, and focus on achieving the company's long-term goals and objectives. Security plans focus on protecting the company's assets from various risks, such as theft or natural disasters, and leverage plans deal with financing activities and debt management.

Rhonda,a Financial Manager at TRM Inc