BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The purpose of a financial plan is to:
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Project future income
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See if there is enough money to start the business
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Describe the assets that need to be purchased to start a business
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All of the above
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Explanation:
Detailed explanation-1: -A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
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