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
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.
Question : Which of the following statements about coordination is incorrect?
Question : It's presence can be felt when targets are met, employees are happy and there is orderliness and coordination in the work environment,it shows us which characteristic of the management?
Question : Assertion: Centralization of authority leads to quicker decision-making.
Reason: It reduces the need for coordination among different levels of management.
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