Question

Feature of sound financial planning is

• A. Simplicity
• B. Liquidity
• C. Economy
• D. All of these

Hint:

Simplicity, liquidity, and economy are the foundations of effective financial planning that help achieve goals without unnecessary complexity.

Answer 1

The Correct Option is D

Step 1: Understand financial planning.
Financial planning is the process of setting goals, developing strategies to achieve them, and identifying resources to implement the plan. Sound financial planning should incorporate several key features.
Step 2: Evaluate the options.
- Simplicity ensures that the plan is easy to understand and implement. - Liquidity is essential to ensure that funds are available when needed. - Economy ensures that financial resources are used efficiently to achieve the desired goals.
Step 3: Conclude.
All these features are crucial for effective financial planning.
Final Answer: \[ \boxed{\text{All of these}} \]