Question

Detailed plans of action are prepared under financial planning. What benefits does this result in?

Options

• Reducing waste

• Reducing duplication of efforts

• Reducing gaps in planning

• All of the above

Answer 1

All of the above

Explanation -

Financial planning aids in the coordination of many corporate tasks, such as sales and production, by establishing "clear policies and procedures and developing detailed plans of action that decrease waste, duplication of efforts, and planning gaps.