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Question
It is essentially the preparation of a financial blueprint of an organisation’s future operations. Identify the related concept.
It is essentially the preparation of a financial blueprint of an organisation’s future operations. Identify the related concept.
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Solution
The correct option is 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.
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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