The overall objective of financial planning is to:
A)prepare financial statements for managers.
B)optimize the firm's profitability.
C)forecast the impact of technological trends.
D)establish budgets for financial control.

Question

Quizplus · Accepted Answer

Financial planning aims to optimize the profitability of the firm by identifying opportunities to increase revenue, reduce costs, and manage risks. While financial statements, budgeting, and forecasting are important elements of financial planning, these activities ultimately serve the broader objective of enhancing profitability. Technological trends may be taken into account in financial planning, but they are not the central focus.

The Overall Objective of Financial Planning Is To