_____ is essentially the preparation of a financial blueprint of an organisation's future operations and it ensures that enough funds are available at right time.

Financial Planning

The correct answer is Option (3) → Financial Planning.

Financial Planning  is essentially the preparation of a financial blueprint of an organisation's future operations and it ensures that enough funds are available at right time.

Financial planning is the preparation of a financial blueprint of an organisation’s future operations. The objective of financial planning is to ensure that enough funds are available at right time. Financial planning strives to achieve the following twin objectives-
(a) To ensure availability of funds whenever required
(b) To see that the firm does not raise resources unnecessarily.

A proper matching of funds requirements and their availability is sought to be achieved by financial planning. This process of estimating the fund requirement of a business and specifying the sources of funds is called financial planning. Financial planning takes into consideration the growth, performance, investments and requirement of funds for a given period. Financial planning includes both short-term as well as long-term planning.

OTHER OPTIONS

• Financing Decision- Financing decision is about the quantum of finance to be raised from various long-term sources. It involves identification of various available sources. The main sources of funds for a firm are shareholders’ funds and borrowed funds. The shareholders’ funds refer to the equity capital and the retained earnings. Borrowed funds refer to the finance raised through debentures or other forms of debt. A firm has to decide the proportion of funds to be raised from either sources, based on their basic characteristics. 

• Investment planning is the process of identifying financial goals and developing a strategy to allocate resources into different investment options to achieve those goals efficiently and with managed risk.

• Business finance refers to the management of money and other financial resources in a business. It involves planning, acquiring, and managing funds to help a company operate, grow, and achieve its goals.