Question:
The process of estimating fund requirements of a business and specifying the sources of funds is called:
The process of estimating fund requirements of a business and specifying the sources of funds is called:
Updated On: Feb 19, 2025
- Capital structure
- Financial planning
- Financial management
- Capital budgeting
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The Correct Option is B
Solution and Explanation
Step 1: Financial planning involves determining the financial resources required for achieving business goals.
Step 2: It includes estimating the amount of funds required and identifying sources for obtaining these funds.
Thus, the correct answer is option B.
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