Assertion (A): Effective and efficient management of finance enables the firm to grow and prosper.
Reason (R): Availability of adequate finance is not very important for the survival and growth of a business.
Reason (R): Availability of adequate finance is not very important for the survival and growth of a business.
Answer & explanation
Correct answer: option 3
Availability of adequate finance is very crucial for the survival and growth of a business.