Question

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

Options

• Financial management

• Financial planning

• Working capital decisions

• Fixed capital decisions

Answer 1

Financial planning

Explanation:

• Financial planning is like creating a financial blueprint for the future of a business.
• It involves estimating how much money the business needs, deciding where to get it from, and planning how to use it.