Question

Which of the following is not important to financial planning?

• A. It helps in coordinating various business functions.
• B. It helps to reduce waste, duplication of efforts, and gaps in planning.
• C. It helps in avoiding business shocks and surprises.
• D. It tries to delink the present with the future.

Answer 1

The correct option is D

It tries to delink the present with the future.

Answer (d) It tries to delink the present with the future.

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 planning delinks itself from the future.