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Financial Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Management1 Mark
Question
State any two importance of financial planning.
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Answer

The two importance of financial planning are:
  1. It provides a link between investment and financing decisions on a continuous basis.
  2. It helps in avoiding business shocks and surprises.

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