Objectives set in largely financial terms is an example of long-term, medium-term or short-term planning and control?
A) Long-term planning and control
B) Medium-term planning and control
C) Short-term planning and control

Question

Quizplus · Accepted Answer

Objectives set in largely financial terms require long-term planning and control because they involve forecasting the company's financial performance over a period of several years. Long-term planning and control helps in setting long-term goals for the company, developing strategies to achieve those goals, and monitoring progress towards the goals. Short-term planning and control, on the other hand, focuses on achieving immediate objectives, while medium-term planning and control bridges the gap between short-term and long-term planning.

Objectives Set in Largely Financial Terms Is an Example of Long-Term