As a part of its yearly planning activities, PDQ Financial Services generates a list of possible future scenarios and creates a plan to respond to each of these forecasts. PDQ Financial Services is practicing Multiple Choicesingle-use planning.functional planning.ad-hoc planning.contingency planning.divisional-level planning.

. The process of deciding what action should be taken in the future is: A. forecasting. B. budgeting. C. planning. D. financial accounting.

_________is a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.Economic planningb.Financial planningc.Strategic planningd.Physical planning

The financial plan is a tool with which to manage the company and not to necessarily motivate desirable performance.Select one:TrueFalse

The financial plan describes the projected financial performance and:Group of answer choicesidentifies capital requirements and sources of capitalhow the business will develop its products or serviceshow to comply with GAAPshows how the business will respond to market conditions

PDCA stands for the plan, do, check, and act cycle for using observed data for continuous improvement of operations.True false question.TrueFalse