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. Budgeting
b. Research and Analysis
c. Implementation
d. Monitoring and Evaluation

Answer 1

Rachel Straub is involved in the Research and Analysis step of financial planning.

Step-by-step explanation:

Rachel Straub is involved in the Research and Analysis step of financial planning. In this step, she is gathering information and data to determine the prices for the new equipment needed in the next 12 months. This research is crucial for creating an accurate budget for the microbrewery.