CBSE Class 12 Business Studies 2016 Outside Delhi set 1

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Question : 5
Total: 34
Name and state the aspect of financial management that enables to foresee the fund requirements both in terms of 'the quantum' and 'the timings'.
Solution:  
The aspect of financial management that enables to foresee the fund requirements both in terms of 'the quantum' and 'the timings' is 'Financial Planning'. Financial planning involves designing the blueprint of overall financial operations of a company so that the adequate funds are available for various operations at the right time.
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