Answer:
Establishing and defining the client-planner relationship is the first step in the financial planning process.
<u>Explanation:</u>
Financial planning is a technique that determines how a business or an organization plans to achieve its goal and objectives. This plan enables the necessary activities, resources, and materials used to achieve the objectives of a business.
The financial planning process typically involves 6 major steps to clear the organization objectives.
- First step is used to determine the financial status of an organization based upon incomes, savings and profits earned.
- The second step defines the needs and wants of an individual in framing his goal.
- The third step is used to develop alternate methods in solving problems.
- The fourth step evaluates the alternate methods and it suggest the best alternative to be followed.
- The fifth step suggest the individual to take necessary action to achieve their goals.
- The sixth step implements the method of revising and rescheduling the actions as per the plan to clear the objectives.
Answer:
A. Lead to local but not global or strategic improvements if they are not linked to strategy.
Explanation:
A key performance indicator card is a technique or rather methodology used in assessing the status of a measure by comparing key indicators to target. It is a performance card that identifies the main objective and gives a well structured view of the organization. It can lead to both local and strategic improvements if they are linked to strategy. They are performance scorecards developed without necessarily working from company's strategy.
How are we going to answer without the choices?
