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Question
Which of the following is not an importance of financial planning?
Options
It helps in avoiding business shocks and surprises.
If helps in co-ordinating various business functions.
If helps to reduce waste, duplication of efforts and gaps in planning.
It tries to delink the present with the future.
MCQ
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Solution
It tries to delink the present with the future.
Explanation:
- Financial planning prepares for future uncertainties.
- Financial planning integrates different departments and functions.
- It promotes efficiency and eliminates redundancies.
- Financial planning links the present with the future by preparing for long-term needs.
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