It is essentially the preparation of a financial blueprint of an organisation’s future operations. Identify the related concept.

(a) Capital budgeting decisions

(b) Financial planning

(c) Dividend decision

(d) Financial management

Answer (b) 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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