Financial planning is the process of setting financial goals and developing plans to reach them.(1 point)

Question

Responses

True
True

False
False
Question 2
There are three core goals that will help a business remain in the black. Pay Debts, Provide Return to Investors and Finance Future Growth.(1 point)
Responses

True
True

False
False
Question 3
Financial management is the process of managing the financial resources of a business(1 point)
Responses

True
True

False
False
Question 4
Crowdsourcing is raising money through small donations, generally through the internet. (1 point)
Responses

True
True

False
False
Question 5
Most businesses will have a fiscal year, which is a one-year period, the beginning of which is defined by the business.(1 point)
Responses

True
True

False
False
Question 6
Accounts will sum up financial information in a balance sheet, a financial statement that reports a company’s assets, liabilities, and shareholder equity at a specific point in time. Shareholder equity is what is left after the debts are paid. (1 point)
Responses

True

Answer 1

True

False

Question 2 True

False

Question 3 True

False

Question 4 True

False

Question 5 True

False

Question 6 True

False