CUET Preparation Today
Read the following passage and answer the question. Rajan is working to coordinate the operations of different departments, such as production and sales, using principles of financial management. He often brings together people from both departments, encouraging them to work within their allocated budgets. Through careful analysis, he links current decisions with their future outcomes, particularly in key areas like investment and financing. By connecting these two decisions, he is able to make informed choices. At the end of the year, Rajan evaluates the performance of various departments, assessing revenue generated and expenses incurred. While he understands that no business is entirely risk-free, he focuses on minimizing potential risks, thereby setting the foundation for a more secure future. His ability to stay less involved in day-to-day operations is also a positive aspect of his management style. |
Which importance of financial planning is not discussed in the above passage? |
It tries to link the present with the future. It helps in avoiding business shocks and surprises and helps the company in preparing for the future. Detailed plans of action prepared under financial planning reduce waste, duplication of efforts, and gaps in planning. It provides a link between investment and financing decisions on a continuous basis. |
Detailed plans of action prepared under financial planning reduce waste, duplication of efforts, and gaps in planning. |
The correct answer is option 3- Detailed plans of action prepared under financial planning reduce waste, duplication of efforts, and gaps in planning. Detailed plans of action prepared under financial planning reduce waste, duplication of efforts, and gaps in planning is the point of importance not discussed in the above passage.
OTHER OPTIONS
|
