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Question : Assertion-Reason Questions: Chapter - Sources of Business Finance

Questions : Business Finance and Its Meaning

Assertion: Financial planning helps in managing the company's financial resources effectively.

Reason: Financial planning considers only the short-term goals of a business.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
  

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
   

Option 3: Assertion is true, but the reason is false.

   

Option 4: Both assertion and reason are false.


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Assertion is true, but the reason is false.


Solution : The correct answer is (c) Assertion is true, but the reason is false.

The assertion is true. Financial planning involves developing strategies and plans to efficiently manage the company's financial resources, including budgeting, forecasting, investment planning, and other financial aspects, to achieve its goals and objectives.

The reason is false. Financial planning considers both short-term and long-term goals of a business. Effective financial planning addresses the company's present financial needs and long-term financial sustainability, ensuring that resources are managed effectively to support the organization's overall strategic goals and objectives.

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