Financial planning, when properly executed: Multiple Choice helps ensure that adequate financing is in place to...

Financial planning, when properly executed:

Multiple Choice

helps ensure that adequate financing is in place to support the desired level of growth.

ensures that the primary goals of senior management are fully achieved.

reduces the necessity of daily management oversight of the business operations.

ignores the normal restraints encountered by a firm.

eliminates the need to plan more than one year in advance.

Expert Solution

Financial Planning is strategic planning of finance by an organisation or individual today, to meet future financial goals , obligations or financial milestones. It is the process of framing financial policies in advance in relation to procurement, investment and administration of funds of an enterprise for future growth.

Thus in this case the most suitable answer is (A) Helps ensure that adequate financing is in place to support the desired level of growth.

jeff jeffy answered 2 years ago

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