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Financial plans made for a period of one year or less are called:
ABudgets
BCharters
CMandates
DLedgers
Answer & Solution
Correct answer: A. Budgets
1. They give a detailed plan of action.
2. Such short plans are budgets.
3. They are financial planning in greater detail.
_Source: NCERT Class 12 Business Studies Part II, Chapter 9, Financial Management._
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