The steps in effective financial planning are
A) establishing organizational goals and objectives,identifying expenses,and budgeting.
B) establishing organizational goals and objectives,budgeting for financial needs,and identifying sources of financing.
C) developing a plan of action,monitoring the plan,and evaluating.
D) identifying sources of financing,budgeting,and evaluating.
E) None of these answers are correct.

Question

Quizplus · Accepted Answer

Effective financial planning involves establishing organizational goals and objectives, creating a budget for financial needs, and identifying sources of financing to ensure that those needs can be met. Once these steps have been taken, the financial plan can be monitored and evaluated to identify any areas for improvement or adjustment. Therefore, option B provides the most comprehensive and accurate steps for effective financial planning.

The Steps in Effective Financial Planning Are