Long-Range fiNancial Planning for a fiRm Usually Includes an Analysis

question 91

Multiple Choice

Long-range financial planning for a firm usually includes an analysis of the next:

• A) 6 to 12 months.
• B) 1 to 2 years.
• C) 2 to 5 years.
• D) 5 to 10 years.
• E) 10 to 20 years.

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Definitions:

Human Creations

Innovations, artworks, processes, and inventions that result from human imagination and intellect.

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, and equipment.

Entrepreneurial Ability

The imagination required to develop a new product or process, the skill needed to organize production, and the willingness to take the risk of profit or loss

Natural Resources

Assets derived from the earth such as minerals, forests, water, and fertile land that can be used for economic gain.