Question: A. How useful is a financial plan when it is based on assumptions of the future and we are confident that these assumptions are not

A. How useful is a financial plan when it is based on assumptions of the future and we are confident that these assumptions are not going to be 100 percent correct? Does it make more sense for the entrepreneur to evaluate and modify financial plans monthly or wait for results from quarterly reports? Why or why not?

B. Explain how to do a simple cost-benefit analysis and explain how it helps the entrepreneur make important decisions.

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