BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Twin objectives of financial planning are
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availability of funds and not to raise funds unnecessarily.
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To ensure availability of funds whenever required and to see that the firm does not raise resources unnecessarily.
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estimating the fund required and specifying the sources
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estimating the time when funds are required
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Explanation:
Detailed explanation-1: -i Ensure availability of funds whenever required. ii Ensure that the firm does not raise resources unnecessarily.
Detailed explanation-2: -Financial planning ensures availability of funds whenever required. Thus, it helps in proper utilisation of funds.
Detailed explanation-3: -The objective of financial planning is to ensure that enough funds are available at right time. (i) Helps in avoiding business shocks and surprises Proper provision regarding shortage or surplus of funds is made by anticipating future receipts and payments. Hence, it helps in avoiding business shocks and surprises.
Detailed explanation-4: -To ensure availability of funds whenever required.
There is 1 question to complete.