INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Budgeting.
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.Capital.
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Nature of business.
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Cost of production.
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Detailed explanation-1: -Answer: An important part of any financial plan is cash flow. It’s the backbone of a good financial plan.
Detailed explanation-2: -The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.
Detailed explanation-3: -A financial plan paints a comprehensive picture of your current finances, your financial goals and any strategies you’ve set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.
Detailed explanation-4: -Cost is not a feature of financial planning as the plan deals with determining the cash flow of the organisation.