MANAGEMENT

Detailed explanation-1: -with the help of financial planning, capital can be made available at option C minimum cost. Explanation: “A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals.

Detailed explanation-2: -Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals.

Detailed explanation-3: -Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set.