1) The goal of long-term financial planning is to...

a. maximize growth

b. minimize disruptions

c. maximize the market value of owners' equity

d. avoid running out of money

2) Which variables do you need to know to develop a financial plan? Check all that apply:

a. Planned dividend payouts

b. Desired degree of financial leverage

c. Planned investment in new assets

d. Desired amount of working capital

3) What are the components of a financial plan? Check all that apply:

a. Profit requirements

b. Pro forma statements

c. Sales forecast

d. Asset requirements

e. Financial requirements