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Question

Name the process that enables the management to foresee the fund requirements, both the quantum as well as the timing.


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Solution

(a) Capital budgeting decisions

(b) Dividend decision

(c) Financial management

(d) Financial planning

Answer (d) Financial planning

Explanation: Financial planning is undertaking the responsibility of deciding how a business will stand to accomplish its primary objectives and goals. The Financial Plan portrays all of the activities, assets, machinery, and materials that are required to accomplish these targets, within a stipulated time frame.


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