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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
Assertion (A): Financial planning tries to link the present with the future.
Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.
- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true, but R is not the correct explanation of A
- c)A is true, but R is false
Correct answer is option ''. Can you explain this answer?
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Direction: In the questions given below are two statements labelled a...
Financial planning means deciding in advance how much to spend and on what to spend according to the funds at your disposal. It enables the management to foresee the funds requirements both the quantum as well as the timing.
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Direction: In the questions given below are two statements labelled a...
Assertion: Financial planning tries to link the present with the future.
Reason: Financial planning is essentially the preparation of a financial blueprint of an organization's future operations.
Explanation:
Financial planning is a crucial aspect of managing an organization's finances. It involves assessing the current financial situation and creating a roadmap for achieving future financial goals. Let's analyze the given assertion and reason:
Assertion (A): Financial planning tries to link the present with the future.
Financial planning is indeed focused on connecting the present with the future. It involves analyzing the current financial position, cash flows, and financial resources of an organization. The aim is to align these factors with the long-term financial goals and objectives of the organization. By doing so, financial planning ensures that the organization can effectively manage its finances in the present while also securing a stable and prosperous future.
Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organization's future operations.
This reason is also true. Financial planning can be considered as the process of creating a financial blueprint or roadmap for an organization's future operations. It involves forecasting future revenues, expenses, investments, and financial requirements. The financial plan outlines the strategies and actions required to achieve the organization's financial objectives. It provides a clear direction for resource allocation, investment decisions, and financial risk management.
Conclusion:
Both the assertion and reason are true, and the reason correctly explains the assertion. Financial planning is indeed focused on linking the present with the future by creating a financial blueprint for an organization's future operations. It helps in effectively managing the organization's finances, achieving long-term goals, and ensuring financial stability and growth.
Reason: Financial planning is essentially the preparation of a financial blueprint of an organization's future operations.
Explanation:
Financial planning is a crucial aspect of managing an organization's finances. It involves assessing the current financial situation and creating a roadmap for achieving future financial goals. Let's analyze the given assertion and reason:
Assertion (A): Financial planning tries to link the present with the future.
Financial planning is indeed focused on connecting the present with the future. It involves analyzing the current financial position, cash flows, and financial resources of an organization. The aim is to align these factors with the long-term financial goals and objectives of the organization. By doing so, financial planning ensures that the organization can effectively manage its finances in the present while also securing a stable and prosperous future.
Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organization's future operations.
This reason is also true. Financial planning can be considered as the process of creating a financial blueprint or roadmap for an organization's future operations. It involves forecasting future revenues, expenses, investments, and financial requirements. The financial plan outlines the strategies and actions required to achieve the organization's financial objectives. It provides a clear direction for resource allocation, investment decisions, and financial risk management.
Conclusion:
Both the assertion and reason are true, and the reason correctly explains the assertion. Financial planning is indeed focused on linking the present with the future by creating a financial blueprint for an organization's future operations. It helps in effectively managing the organization's finances, achieving long-term goals, and ensuring financial stability and growth.
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer?
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer?.
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Financial planning tries to link the present with the future.Reason (R): Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falseCorrect answer is option ''. Can you explain this answer?.
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