Question : Questions: Business Finance and Its Meaning

Statement 1: Financial planning involves allocating funds to various business activities.

Statement 2: Financial planning does not consider long-term business goals.

Option 1: Statement 1 is true, and statement 2 is false.
   

Option 2: Statement 1 is false, and statement 2 is true.
   

Option 3: Both statements 1 and 2 are true.

 

Option 4: Both statements 1 and 2 are false.


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Statement 1 is true, and statement 2 is false.


Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.

This statement is true. One of the key goals of financial planning is to ensure that a business has the resources it needs to operate and grow. This involves allocating funds to different business activities.

This statement is false. Financial planning should always consider a business's long-term goals. This is because financial decisions today will have a significant impact on the business's ability to achieve its long-term goals in the future.

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