Question

Which of the following is not a characteristic of financial planning : (1)
(a) Simplicity (b) Liquidity.
(c) Flexibility (d) Adequate availably of funds.

Answer 1

Answer:

d is the answer.

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Answer 2

Adequate availably of funds is not a characteristic.

• The purpose of financial planning is to figure out how a company can afford to fulfil its strategic goals and objectives.
• It assesses present and future expenses and revenues to decide the optimal course of action.
• Payroll, labour training, marketing, inventories, and research and development are all affected. The characteristics are -

1. Simplicity
2. Foresight
3. Flexibility
4. Optimum use of funds
5. Liquidity
6. Economy
7. Anticipation of contingencies