The Time Horizon for Long-Term Demand Planning Decisions Is ______

question 70

Multiple Choice

The time horizon for long-term demand planning decisions is ______

• A)3 months to 6 months
• B)3 months to 3 years
• C)several years
• D)3 months or less

---

Definitions:

Contra Asset

An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.

Liabilities

Liabilities represent financial obligations or debts that a company owes to external parties, such as loans and accounts payable.

Fixed Assets

Tangible assets, such as buildings, machinery, and equipment, used in the operations of a business that are not intended for sale.