Phil is working on a financial plan for the next three years.This time period is referred to as which one of the following?
A)financial range
B)planning horizon
C)planning agenda
D)short-run
E)current financing period

Question

Quizplus · Accepted Answer

The term "planning horizon" refers to the length of time for which a financial plan is being developed, and in this case, Phil is working on a plan for the next three years. Therefore, the correct answer is B) planning horizon. The other options are either incorrect or do not accurately describe the time period for Phil's financial plan.

Phil Is Working on a Financial Plan for the Next