Financial planning,when properly executed:
A) ignores the normal restraints encountered by a firm.
B) ensures that the primary goals of senior management are fully achieved.
C) reduces the necessity of daily management oversight of the business operations.
D) helps ensure that proper financing is in place to support the desired level of growth.
E) eliminates the need to plan more than one year in advancE.

Question

Quizplus · Accepted Answer

Financial planning helps to ensure that proper financing is in place to support the desired level of growth. It involves creating a financial roadmap that considers a company’s current financial situation and provides a plan for achieving financial goals. This includes budgeting, forecasting, and identifying potential sources of funding. By properly executing financial planning, a company can ensure that it has the necessary resources to support its growth plans.

Financial Planning,when Properly Executed