Is not the feature of finance
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What are the features of finance?
Features of Finance:
Channelizing Funds: It is a well-established fact that the
financial system is a critical element of any economy. ...
Acquisition, Allocation & Utilization of Funds: ...
Maximization of Shareholder's Wealth: ...
Financial Management:
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Answer:
Cost is not the feature of finance.
Explanation:
What is Financial plan:
- Financial planning entails deciding how a company will achieve its major aims and goals.
- The financial plan depicts all of the activities, assets, machines, and materials required to meet these objectives within a given time frame.
- Financial planning does not include cost because it is concerned with determining the organization's cash flow.
Features of finance:
- Using the funds to create tangible assets (such as development of land, acquiring commercial assets, etc.).
- Performing business operations (like manufacturing, trading, etc.).
- Purchasing financial assets (such as shares, bonds, units of mutual funds etc.).
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