Multiple choice

Which of the following functions of the financial management provides long term effect, i.e. up to the life of the project and once taken, cannot be reversed?

  1. Financial planning

  2. Capital budgeting decision

  3. Working capital investment

  4. Financial instrument

  5. Programmed decision

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This function of the financial management provides long term effect, i.e. up to the life of the project and once taken, cannot be reversed.