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Business Studies · 2022 · 3 marks
CBSE 2022 · Region 4 · Set 3 · Q6
State any three points of importance of Financial Planning.
State any three points of importance of Financial Planning.
Marking-scheme solution
Importance of Financial planning:
(i)
It helps the company to prepare for the future.
(ii)
It helps in avoiding business shocks and surprises.
(iii)
It helps in co-ordinating various business functions.
(iv)
It helps in reducing waste, duplication of efforts, gaps in
planning and confusion.
(v)
It links the present with the future.
(vi)
It provides a link between investment and financing
decisions.
(vii)
It makes evaluation of actual performance easier by
spelling out detailed objectives for various business segments.
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CBSE Class 12 Business Studies past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.