[amp_mcq option1=”Preparation of projected statements” option2=”Preparation of actual statements” option3=”Comparison of actual with projected” option4=”Ordering the employees that projected figures come true” correct=”option3″]<\/p>\n
The correct answer is: C. Comparison of actual with projected.<\/p>\n
Financial planning is the process of determining how to allocate financial resources over a period of time. It involves setting financial goals, developing a budget, and tracking progress towards those goals. The process of financial planning ends with the comparison of actual results to projected results. This comparison allows you to identify any variances and take corrective action as needed.<\/p>\n
Option A is incorrect because the preparation of projected statements is only one step in the financial planning process.<\/p>\n
Option B is incorrect because the preparation of actual statements is also only one step in the financial planning process.<\/p>\n
Option D is incorrect because ordering employees to make projected figures come true is not a realistic or effective way to manage a business.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Preparation of projected statements” option2=”Preparation of actual statements” option3=”Comparison of actual with projected” option4=”Ordering the employees that projected figures come true” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[945],"tags":[],"class_list":["post-51615","post","type-post","status-publish","format-standard","hentry","category-financial-management","no-featured-image-padding"],"yoast_head":"\n