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

(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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