3.1.2 Quiz: Role of Financial Planning Question 1 of 10 A strategic plan provides a view of the company's goals. A. low-level B. short-term O C. high-level D. day-to-day3.1.2 Quiz: Role of Financial Planning Question 2 of 10 In small businesses, the _is usually in charge of financial planning. A. chief financial officer B. chief financial planner O C. head accountant D. business owner3.1.2 Quiz: Role of Financial Planning Question 3 of 10 A cash-flow forecast is conducted, and it is determined that the company is likely to encounter a cash shortage. A short-term solution for this problem might be O A. suspending operations indefinitely O B. selling off major equipment C. increasing current liabilities D. increasing noncurrent liabilities1 3.1.2 Quiz: Role of Financial Planning Question 4 of 10 In financial planning, a(n)_ plan is used for identifying and meeting short- term goals. A. operational B. development O C. strategic O D. analyticalL 3.1.2 Quiz: Role of Financial Planning Question 5 of 10 The last step in the financial planning process is to _ A. implement the plan B. analyze data C. establish goals D. monitor the plan3.1.2 Quiz: Role of Financial Planning Question 6 of 10 An operational plan is meant to be accomplished and met within A. three to five years B. one accounting cycle O C. an infinite amount of time O D. one fiscal year3.1.2 Quiz: Role of Financial Planning Question 7 of 10 Which of the following would NOT be a subject for a long-term strategic plan? O A. Inventory management B. Financing O C. Capital investment O D. Dividends