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What is the difference between business plan and budget?
The purpose of a budget is to create a list of all your planned revenue and revenues, a budget is created to plan spending or saving to reach a certain goal. A personal budget is a financial plan that is used to allocate future income towards debt repayments, savings and expense. All past spending and expenses and personal debt are all taken into consideration when doing a personal budget. In business a budget is used to calculate the cost of a business, a business budget is a spending and saving plan used to allocate resources to reach a business goal. This management tool is used to coordinate and predict expenses in a effort to minimize their business resources, a budget is a time-specific and it must be flexible when it come to financial changes. from Tiffany bates
What investors did carter-wallace use for savings plan records?
Carter-Wallace used a range of investors for their savings plan records, including institutional investors and pension funds. They aimed to create a diversified portfolio to enhance returns and manage risk effectively. The specific investors involved would vary over time, depending on the financial strategies and market conditions. For detailed information, it would be best to consult the company's financial reports or investor relations communications.
What is a plan to spend and save money called?
A plan to spend and save money is called a budget. It outlines expected income and expenses, helping individuals or organizations allocate funds effectively to meet financial goals. A budget can assist in tracking spending habits, identifying areas for savings, and ensuring that financial resources are used wisely.
Which term best describes the 12-month period used by a government or business for purposes of financial management?
The term that best describes the 12-month period used by a government or business for financial management is "fiscal year." A fiscal year may not necessarily align with the calendar year and is used for budgeting, accounting, and reporting purposes. It helps organizations plan and track their financial performance over a specific period.
Factors influencing financial planning?
1.Simplicity:The financial plan should be simple.It should contain simple financial structure that can be implemented & managed simply.2.Long-term view:The financial plan should be formulated,keeping in view the long-term requirements.This is because generally financial a plans would continue to operate for a long time after the formation of the concern.3.Flexibility:The financial plan should have flexibility.It means it can be changed according to the changing needs of the business with minimum possible delay.4.Foresight:The financial plan must be visualized with much foresight and it should meet the present as well as future requirements of funds.5.Optimum use:Financial plan should provide for the optimum use of funds.Funds should be used in proper balance is maximized the wealth of the organisation.Again they should see that the proper balance is maintained between long term & short-term funds.6.Contingences:The financial plan should make adequate provision for funds for meeting the contingencies likely to arise in the future.7.Liquidity:There should be adequate liquidity in the financial plan.The adequate liquidity wii act as a shock absorber in the event of business operations deviation from the normal course.8.Economy:The financial should ensure economy.It should determine optimum and proper debt-equity mix in the capital structure in order to have minimum cost of capital.9.It should facilitate for comparison.10.The financial plan should be conservative.11.It should be practically implemented.12.It should facilitate for control of outflow of funds.13.It should facilitate for cost reduction.14.It should consider the risk factor involved in each financial alternative.15.The other principles of financial plan are:a)It should be uniformb)It should be profitablec)It should be practicald)It should be suitablee)It should consider the risk factor.
The success of a financial plan will be determined by?
How resources are used
Five steps of the logical plan used in solving word problems?
logical plan
Techniques use to create the risk management plan?
The technique used to create the risk management plan is called "Planning Meeting & Analysis"
Why an action plan is needed?
An action plan is generally used in small steps to assure you get whatever it is you need completed done! :]
What does devised mean?
Devise means to construct, create, or elaborate on something. When used in the context of a plan, as in "devise a plan", it means "create a plan".
Software packages used to create financial statements using mathematical calculations are?
Spreadsheet
What is a tactical plan?
A tactical plan is the steps that are needed to achieve goals that are defined in a strategic plan. It puts forth the short-term tactics that are to be used in implementing and achieving marketing objectives.
What plan was used to split the confederacy?
The Union planned to capture Mississippi. This would break the South in half and create more problems.
What is the difference between business plan and budget?
The purpose of a budget is to create a list of all your planned revenue and revenues, a budget is created to plan spending or saving to reach a certain goal. A personal budget is a financial plan that is used to allocate future income towards debt repayments, savings and expense. All past spending and expenses and personal debt are all taken into consideration when doing a personal budget. In business a budget is used to calculate the cost of a business, a business budget is a spending and saving plan used to allocate resources to reach a business goal. This management tool is used to coordinate and predict expenses in a effort to minimize their business resources, a budget is a time-specific and it must be flexible when it come to financial changes. from Tiffany bates
The step of making it to the plan andrew And procedures used to have six steps with a step 6?
Please correct your question and have it posted again.
An implementation plan simply outlines the steps to put the program into action Which program was used as an example of an implementation plan in the course?
In the course, the implementation plan example used was for a community health initiative aimed at increasing access to preventive care services. The plan detailed specific steps such as stakeholder engagement, resource allocation, and timeline development to ensure effective execution of the program. By illustrating these components, the example highlighted how structured planning can facilitate successful program implementation.
Which air force risk management process involves the 5 steps and is used when there is sufficient time to plan an event or activity?
Which air force risk management process involves the 5-step process and is used when there is sufficient time to plan an event or activity.?
