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. This is important for the long-term success of the business as it allows for strategic investments and expansion. Financial planning does not ignore normal restraints or eliminate the need for daily management oversight, nor does it guarantee the achievement of primary goals or eliminate the need to plan for more than one year in advance.

Financial Planning, When Properly Executed