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"It aims at enabling the company to tackle the uncertainty in respect of the availability and timing of the funds and helps in the smooth functioning of an organisation".Identify the financial concept discussed in the statement:

Solution

✅ Correct Option: 4

Financial planning involves estimating fund requirements and specifying their sources and timing. It prepares the firm for uncertainty regarding the availability and timing of funds, ensuring smooth functioning and avoiding shortage or surplus. Hence option 4.

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