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


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question 1 of 3

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

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

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

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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