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Financial planning usually begins with the preparation of a:
ADividend notice
BSales forecast
CWage agreement
DBoard resolution
Answer & Solution
Correct answer: B. Sales forecast
1. Everything else follows from expected sales.
2. So it starts with a sales forecast.
3. Fund needs and profits are then estimated.
_Source: NCERT Class 12 Business Studies Part II, Chapter 9, Financial Management._
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