Final answer:
The statement about the importance of risk, asset liquidity, and timing in selecting a financing plan is true, as these factors significantly influence investment decisions and outcomes.
Step-by-step explanation:
The three most important factors when selecting a financing plan are risk, asset liquidity, and timing. This statement can be seen as true as these factors are critical in making informed investment decisions. Risk is a measure of the uncertainty of a project's profitability, which includes the potential variability in returns. Asset liquidity refers to how easily one can convert investments into cash or other assets without significant loss of value. Finally, timing is important because the financial needs of a business or individual, market conditions, interest rate environments, and economic cycles can all influence the success of a financial investment.