BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Minimising the external borrowing by restoring to equity issues.
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Entering that the firm always have significantly more funds than required so that there is no paucity of funds.
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Ensuring that the firm paces neither a shortage nor a gluten of unusable funds.
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Doing only what is possible with the funds that the firms has at its disposal.
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Detailed explanation-1: -Financial planning means deciding how much to spend and on what to spend it ensuring that the firm paces neither a shortage nor a glut of unusable funds.
Detailed explanation-2: -Financial planning aims at ensuring that the firm faces neither a shortage nor a glut of unusable funds. If there is shortage of funds then the firm will not be able to carry out its planned activities and commitment.
Detailed explanation-3: -Financial planning is a step-by-step approach to meet one’s life goals. A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Detailed explanation-4: -A financial plan involves a thorough examination of your income and spending. It can improve your understanding of your financial circumstances at all times. It establishes important short-and long-term financial goals. It clarifies the actions required of you to achieve your various financial goals.