Copyright

What Is a Financial Plan for a Business? - Definition & Example Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Developing a financial plan is _____ to/for the success of any organization.

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which of the following is included in a financial plan?

2. What does a break-even analysis do for an organization?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This practice will primarily gauge your understanding of financial plan development, break-even analyses, and the necessities of a business plan.

Quiz & Worksheet Goals

More specifically, this practice will examine you on:

  • The relationship between success and financial planning
  • Components of a financial plan
  • The purpose of a break-even analysis
  • How a business plan helps managers

Skills Practiced

  • Critical thinking - apply relevant concepts to examine business financing in a different light
  • Information recall - access the knowledge you've gained regarding the way an organization runs
  • Reading comprehension - ensure that you draw the most important information from the related lesson on financial planning

Additional Learning

Interested in learning more about financial plans in business? Take a look at the associated lesson titled What Is a Financial Plan for a Business? - Definition & Example. With this lesson, you will learn more about:

  • The benefits of developing a financial plan
  • Financial worksheets
  • Cash flow projections
  • Financial statements
  • Financial assessment
Support