LEARNING OUTCOME TWO: Understand The Implications Of Finance As A Resource Within A Business10/18/2016 LESSON OBJECTIVE
Assessment Criteria AC 2.2 Explain the importance of financial planning Below are questions pertaining to lesson 5. Please ensure to answer each question correctly. 1. What is the purpose of financial planning? 2. True or False: Cash budget is one area of financial planning. 3. List three implications for a company, that can arise resulting from poor financial planning. 4. True or False: Management must have full awareness of the profitability versus liquidity trade off
13 Comments
Shanyel Garricks
10/19/2016 11:05:02 am
1. What is the purpose of financial planning?
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SHASHIE MILLS
10/19/2016 06:46:03 pm
1.the purpose of financial planning is organizing financials and life necessities in such areas such as : the different insurances, planning of retirement funds (pension), government taxes and other contracts. financial planning is also intertwine with personal planning. A personal (Reid, 2011).
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10/19/2016 08:25:43 pm
1.What is the purpose of financial planning?
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Teneisha Kennedy
10/20/2016 09:37:24 pm
1 The purpose of financial planning is to help individuals and business achieve their goals through proper management of their finances. This process allows them to see where they stand financially and determine what steps they must take to reach their objectives.( planfirst.ca2016)
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Nicka
10/21/2016 07:53:39 am
AC2.2
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Amoy Gentles
10/22/2016 07:35:42 am
2.2
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Ronalyn Linton
10/22/2016 11:48:50 am
Purpose of financial planning is to ensure that sufficient funds are raised at minimum cost and are also use wisely. (Walters,2016)
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Thya Rodney
10/23/2016 01:04:24 am
1. The purpose of financial planning is to ensure that the business budget their expenses efficiently to not run into banruptcy(Planfirst.ca, 2016).
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evennecia Thompson
10/23/2016 09:57:22 am
1. This enables an individual to make adequate preparation as it relates to finances. To avoid bankruptcy. To make proper financial investments.
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shadea fulwood
10/23/2016 09:07:48 pm
1. What is the purpose of financial planning?
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shanique davis
10/23/2016 09:37:52 pm
1. financial planning is to line up our financial and lifestyle ducks, mean people's life insurance pension etc (Planfirst.ca, 2016).
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Shasania Sharpe
10/23/2016 09:58:58 pm
1. "The major purpose and reason for financial planning is to line up our financial and lifestyle ducks" (Planfirst.ca, 2016).
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Keidean Reid
12/6/2016 12:42:42 am
1. The purpose of financial planning is to help businesses achieve their goals, both long and short term goals through proper management of their finances.
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