BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a feature of a financial plan?
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Simplicity
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Cost
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Flexibility
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Foresight
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Explanation:
Detailed explanation-1: -Cost is not a feature of financial planning as the plan deals with determining the cash flow of the organisation.
Detailed explanation-2: -Adequate availably of funds is not a characteristic. The purpose of financial planning is to figure out how a company can afford to fulfil its strategic goals and objectives.
Detailed explanation-3: -The financial planning process does not involve the process of consulting price with the competitors as no organization consults its financial plan with another organization.
There is 1 question to complete.