Which of the following statements regarding financial planning is accurate?
A) Financial planning insures a firm will not be surprised by unforeseen future events.
B) By using financial planning, a firm can clearly identify its options for the coming fifteen years.
C) The use of financial planning allows a firm to eliminate the interactions between its operating policies and its financing policies.
D) Financial planning allows a firm to plan for the future in a systematic fashion.
E) Financial planning takes the burden off the financial manager and places it on the operations manager who must carry out the plan as laid out.
Correct Answer:
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