1. “The prominent areas of financial decision making today are considerably different from what they were few decades ago.” Explain.
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The prominent areas of financial decision making today are considerably different from what they were few decades ago, because -
- There are three main areas of the financial decision making - 1) Investment planning , 2) Financing decision and 3) Dividend decision.
- Now, the above mentioned areas are now taken in a completely different manner, as compared with what they were few decades ago.
- Because, the new GST has been implemented on the economy few years ago and our economy had faced several major changes in each of the financial years.
- And, the previously mentioned areas are judged according to the current situation of the economy.
- The economy was completely different, few decades ago. That's why, those areas were also taken in the different manner in the previous times.
- The present considerations will also change in the future decades. Everything here, is changeable with the passing of each financial year.
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