In the Year 2018 NMCE Merged with -----------

question 20

Multiple Choice

In the year 2018 NMCE merged with -----------

• A)UCX
• B)MCX
• C)ICEX
• D)NCDEX

Apply principles of financial planning and forecasting to evaluate a firm's future financial requirements.

Differentiate between top-down and bottom-up planning approaches and their impacts on business performance.

Grasp the role of financial ratios and metrics in planning for sustainable business growth.

Understand the significance of inventory management and accounts receivable in operational planning.

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Definitions:

Estate Accounting

The process of preparing and managing the financial records of an individual's estate following their death, including the calculation of assets, liabilities, and distribution to heirs.

Probate

The legal process through which a deceased person’s will is validated and the estate is settled, involving distribution of assets and payment of debts.

Dies Intestate

A legal term describing a situation where a person passes away without having made a valid will, thus leaving their estate to be distributed according to the laws of intestacy.

Legacy

Assets or money passed on to heirs in a will, or a system/software inherited from the past.