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Question
Name the process that enables the management to foresee the fund requirements, both the quantum as well as the timing.
Options
Financial management
Fixed capital decisions
Working capital decisions
Financial planning
MCQ
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Solution
Financial planning
Explanation:
- Financial planning helps the management to estimate the amount (quantum) and when (timing) funds will be needed for business activities.
- It ensures the company has enough money at the right time for smooth operations.
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