Question : Questions: Business Finance and Its Meaning
Statement 1: Financial planning involves allocating funds to various business activities.
Statement 2: Financial planning does not consider long-term business goals.
Option 1: Statement 1 is true, and statement 2 is false.
Option 2: Statement 1 is false, and statement 2 is true.
Option 3: Both statements 1 and 2 are true.
Option 4: Both statements 1 and 2 are false.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.
This statement is true. One of the key goals of financial planning is to ensure that a business has the resources it needs to operate and grow. This involves allocating funds to different business activities.
This statement is false. Financial planning should always consider a business's long-term goals. This is because financial decisions today will have a significant impact on the business's ability to achieve its long-term goals in the future.
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a vital role in allocating funds optimally.
Statement 2: Financial planning focuses solely on marketing and sales strategies.
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