Question

Rachel Straub works in finance for a small microbrewery. This week Rachel is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment they will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Rachel involved in?

a) Implementation
b) Monitoring and adjusting
c) Goal setting
d) Analysis

Answer 1

Rachel Straub is involved in the analysis step of financial planning as she researches prices for new equipment to stay competitive in the market.

Step-by-step explanation:

Rachel Straub is involved in the analysis step of financial planning.

As she is researching prices for new equipment to stay competitive in the market, she is analyzing the costs and benefits of acquiring the equipment.

This analysis will help her make informed decisions about budgeting and allocating financial resources.