ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following financial activities can be include in the “Spend” areas?(Can choose more than one answer)
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For Daily Living Expenses
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For Long-term Financial Security
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For Major Expenditure
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Provide Local and Global Assitance
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Explanation:
Detailed explanation-1: -Expenditure – This is the total purchase price of a good or service. For example, a company buys a $10 million piece of equipment that it estimates to have a useful life of 5 years. This would be classified as a $10 million capital expenditure.
Detailed explanation-2: -Budgeting for the national government involves four (4) distinct processes or phases : budget preparation, budget authorization, budget execution and accountability.
There is 1 question to complete.