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Vikentia [17]
3 years ago
13

Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in

a positive manner Helps to set and reach goals Tells you what your net worth is Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being Can help to Increase net worth ​
Business
1 answer:
Savatey [412]3 years ago
3 0

Answer:

- Helps to manage your money in a positive manner.

- Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being.

- Can help to increase net worth.

Explanation:

Having a Spending plan is very crucial to ensure that you have a sufficient amount of money every time in order to use it in time of need or emergency. It helps in keeping control and management of the money you spend which promotes a managed financial future. This further enhances your net worth as an individual by preventing unnecessary expenses and also assist in attaining financial goals more effectively and efficiently.

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Small businesses do not have adequate capital and turn to venture capitalists for financial backing to expand and upscale their projects. Venture capitalists do not invest in budding businesses but choose businesses that have strong management and clear concepts and are ready to market their products. Due to uncertainty in the investment outcome, venture capitalists tend to have a high failure rate, but the investments that do pan out tend to be high yield.

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2 years ago
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3 years ago
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Murljashka [212]

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