Question : Which of the following statement is incorrect for financial planning?
Option 1: It helps the company to prepare for the future.
Option 2: It involves duplication of efforts and gaps in planning.
Option 3: It provides a link between investment and financing decisions.
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer:
It involves duplication of efforts and gaps in planning.
Solution : Financial planning is essentially the preparation of a financial blueprint of an organisations future operations. It prevention duplication of efforts and gaps in planning by preparing details plans of actions.
Hence, option B is correct.
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