question_answer 9)

Financial planning arrives at (a) Minimizing the external borrowing by resorting to equity issues (b) Entering that the firm always have significantly more fund than required so that there is no paucity of funds (c) Ensuring that the firm paces neither a shortage nor a glut of unusable funds (d) Doing only what is possible with the funds that the firm has at its disposal

Answer:

(c) Financial planning means deciding how much to spend and on what to spend it ensuring that the firm paces neither a shortage nor a glut of unusable funds.