What is allocation of funds ?

Question

Accepted Answer

Allocation of funds refers to the process of distributing financial resources to different areas or projects based on their priority and importance.

Allocation of funds involves determining how much money should be allocated to each department or project within an organization.
It is important to consider the goals and objectives of the organization when allocating funds.
Funds can be allocated based on the needs and requirements of different departments or projects.
Allocation of funds can be done through budgeting and financial planning processes.
Examples of allocation of funds include allocating a certain percentage of the budget to marketing activities, allocating funds for employee training and development, and allocating funds for research and development projects.

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