Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets

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01-12-2021
Business

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Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets

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jayilych4real jayilych4real · Answer 1 · 2021-12-02T10:29:32+01:00

The available steps which are part of the financial planning process for a business or an individual includes:

B. Forecasting short term needs
D. Establish financial controls
E. Develop budgets

According to the given question, we are asked to state the available steps which are part of the financial planning process for a business or an individual.

As a result of this, we can see that the main objective of the financial planning process is to optimize the profits which the business makes. With this in mind, we can see that the steps which are

Therefore, the correct answers are options B, D and E

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