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The primary aim of financial management is to maximise Shareholder's wealth through proper planning of finance and preparation of a financial blue print of an organisation's future operations. Identify the term being reflected here.

Solution

Correct Option: 2

Financial planning is the preparation of a financial blueprint of an organisation's future operations. It aims to ensure that sufficient funds are available at the right time. The objective is to maximise shareholder wealth through proper financial planning.

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