The overall objective of financial planning is to
A) forecast the impact of technological trends.
B) prepare financial statements for managers.
C) optimize the firm's profitability.
D) establish budgets for financial control.

Question

Quizplus · Accepted Answer

The overall objective of financial planning is to optimize the firm's profitability. Financial planning involves forecasting future financial performance and making decisions that will lead to increased profitability and financial success for the company. While budgets and financial statements are important components of financial planning, they are not the ultimate goal. Similarly, while technological trends may impact financial planning decisions, forecasting their impact is not the primary objective.

The Overall Objective of Financial Planning Is to