Question

The process of estimating fund requirements of a business and specifying the sources of funds is called: 

Options

• Capital structure

• Financial planning

• Financial management

• Capital budgeting 

Answer 1

Financial planning

Explanation:

Financial planning is the act of anticipating a business's funding requirements and identifying where these cash will come from. It guarantees that the company has the necessary cash available at the appropriate moment to achieve its goals and objectives.