Question

the most effective way to achieve financial objectives is through financial planning

the most effective way to achieve financial objectives is through financial planning

Homework Answers

Answer #1

This statement is true.

The most effective way to achieve financial objectives is through financial planning, We can understand the importance of this statement by following points:

  • Financial planning is a process of identifying, evaluating and analyzing the project and taking the decision whether that project will be feasible or not.
  • Financial planning is useful in controlling the cost and increasing the profit, cost is estimated and cost of capital of different financial alternatives are analyzed and best alternative that has lower cost and greater benefits, is chosen.
  • It also studies Cash flow management. In which, inflow and outflow of cash are estimated.
  • Financial planning increases the efficiency and accuracy of financial tools.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2.7 Barries to effective planning may be overcome through lack of environment knowledge// true/false 2.8 If...
2.7 Barries to effective planning may be overcome through lack of environment knowledge// true/false 2.8 If a manager is able to achive outputs which measure up to the inputs(time,materials,labour,)used to achieve the outputs then we say that manager is effective// true/false 2.9 Internal interdependence of stytems is when a systems survival depends on it maintaining a state of balance withinin the greater sytem in which it operates,ie the enivironment. true//false
What is the most effective way for you to learn? If the lack of knowledge is...
What is the most effective way for you to learn? If the lack of knowledge is a barrier to you, how can you acquire the knowledge you need to be successful in school and in life?
Discuss whether the use of fiscal policy is the most effective way to bring an economy...
Discuss whether the use of fiscal policy is the most effective way to bring an economy out of a recession
do you agree that the most effective way to obtain adequate system security is to rely...
do you agree that the most effective way to obtain adequate system security is to rely on the integrity of company employees?
what are the objectives that a local company must achieve to fulfill the goal of developing...
what are the objectives that a local company must achieve to fulfill the goal of developing its workforce? plus what's each objective used strategy, action step, and evaluation method in order to accomplish? -I want 3 objectives to fulfill the goal of developing the company workforce
What do you think is the most effective way to reduce the incidence of STDs among...
What do you think is the most effective way to reduce the incidence of STDs among teens ?What works best in your opinion!
government support through financial incentives for reporting misconduct in organizations is effective and benefits society
government support through financial incentives for reporting misconduct in organizations is effective and benefits society
State the most accurate diagnosis possible. Then state the most effective way to treat the client....
State the most accurate diagnosis possible. Then state the most effective way to treat the client. Kyle, a 23 year old male, feels as if he is always on the edge of his seat and as if something is gou8 to happen. He also has problems sleeping. Kyle feels nervous continuously and cannot seem to relax. When asked if he is nervous about something in particular, he can't pinpoint the source of his anxiety.
Forecasting is one of the most important aspects of financial planning. Discuss what variables do you...
Forecasting is one of the most important aspects of financial planning. Discuss what variables do you think make this exercise most challenging.
Why do you most think most long-term financial planning begins with sales forecasts? Why are future...
Why do you most think most long-term financial planning begins with sales forecasts? Why are future sales the key input? type please
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT