BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Financial Planning provides a link between investing and financing decisions on a continuous basis. Financial planning deals with preparation of the financial blueprint of the organisations future operations.

Detailed explanation-2: -Investment decision refers to selecting and acquiring the long-term and short-term assets in which funds will be invested by the business.

Detailed explanation-3: -The investment decisions made by a firm will determine the future potential dividends and future earnings, whereas dividend decisions influence the amount of equity capital in a firm’s capital structure, thus, influences the cost of capital which is the financing decision.

Detailed explanation-4: -Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how and when to save and spend, comparing costs before a big purchase, and planning for retirement or other long-term savings.