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Question 1 (1 point) Pro forma statements help eliminatc uncertainty in financial projections. True False Question 2 (1 point) Macto factors to cossider whes developing yout eperating budget include changes in unemployment rates. price levels. career choices. a and b. a., b., and c. Question 3 (1 point) The longer a bodget variance exiss, rhe loss in muy cost you. True False ldentifying why you are going astray from yoor budget is critical so identifying temodies and choices. True False. Question 5 (1 point) For a known FV, as the rate at which time aflects value increases, the grisent value of yoor fatare liquidity decreases. True False Question 6 (1 point) Micro factors to cunsider when develepieg your operating badget include changes in family structure. bealth and ape: interest rates. a and b The probability or likelihood of an independent event can be measured, based an its frequency is the past. True False Question 8 (1 point) The present value of your wealth decreases relative to the distance in time to its liquidity. projected cash flows in the future. the cosis and risks of delayed liquidity. a, and c. a., b., and c. Question 9 (1 point) The cash flow budget is an alternative format used as a cash manageanent tool. True False Question 10 (1 point) An independent event can be determined or chosen. True False Question 11 (1 point) All else being equal, in financial planning the best strategy is to have liquidity sooner rather than later. give up liquidity sooner rather than later. hold out for future value. choose future value over present value. increase ncgative cash flow

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