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Question : Which of the following statement is incorrect for financial planning?
 

Option 1: It helps the company to prepare for the future.
 

Option 2: It involves duplication of efforts and gaps in planning.
 

Option 3: It provides a link between investment and financing decisions.
 

Option 4: None of the above


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: It involves duplication of efforts and gaps in planning.
 


Solution : Financial planning is essentially the preparation of a financial blueprint of an organisations future operations. It prevention duplication of efforts and gaps in planning by preparing details plans of actions.

Hence, option B is correct.

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