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

Question

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

Team Careers360 · Accepted Answer

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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Related Questions

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Question : Identify the concept from the following statement.
It involves converting internal thought of sender into a language so that receiver could understand a message.

Question : Which concept is highlighted in the given statement?
Statement: It refers to those factors which affect the marketing decisions but are not control lable at the firms level.

Question : Which feature of capital market is highlighted in the given statement?
Statement: It is the nature the capital market to satisfy the long term financial needs of the government industrial sector.