Question

Jennifer’s business has been open for two years. She is hoping that her new marketing plan willincrease sales because she would really like to hire an assistant. If sales are up for six months in a row,she will be comfortable bringing on another employee. What is this an example of?
(1 point)
resolving a discrepancy
measuring assets and equity
long-term financial planning
short-term financial planning
A)
Jennifer’s business has been open for two years. She is hoping that her new marketing plan willincrease sales because she would really like to hire an assistant. If sales are up for six months in a row,she will be comfortable bringing on another employee. Which principle of financial planning does thisillustrate?
(1 point)
pay debts
return for investors
finance future growth
accurately document finances

Answer 1

1) Short-term financial planning — she’s using a six-month sales run as a short-term target before hiring.

2) Finance future growth — the decision to hire an assistant if sales rise is planning to finance and support business growth.