Financial planning:
A)focuses solely on the short-term outlook for a firm.
B)is a process that firms employ only when major changes to a firm's operations are anticipated.
C)is a process that firms undergo once every five years.
D)considers multiple options and scenarios for the next two to five years.
E)provides minimal benefits for firms that are highly responsive to economic changes.

Question

Quizplus · Accepted Answer

Financial planning considers multiple options and scenarios for the next two to five years. It is not solely focused on the short-term outlook and is not a process that firms only undergo when major changes are anticipated. While it may not provide immediate benefits for highly responsive firms, it is still an important process for long-term success.

Financial Planning