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Question : Which of the following statement is incorrect for financial planning?
 

Option 1: It lacks in coordination.
 

Option 2: It helps in avoiding business shocks and surprises.
 

Option 3: It makes the evaluation of actual performance easier.
 

Option 4: It helps to link present with future


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 3rd Jan, 2024

Correct Answer: It lacks in coordination.


Solution : Financial planning is essentially the preparation of a financial blueprint of an organisations future operations. it helps in achieving coordination between various functions by providing clear policies and procedures.

Hence, option A is correct.

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