A Typical Horizon for Long-Term Planning Is 5 Years

question 69

True/False

A typical horizon for long-term planning is 5 years.

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Definitions:

Working Memory

A brain-based system with restricted storage ability, for the purpose of temporarily maintaining information for processing operations.

Stored Information

Data, knowledge, or facts that have been saved or archived, which can be retrieved and used when needed.

Sensory

Pertaining to the senses or sensation, involving the processing of sensory information by the nervous system.

Short-Term

Referring to a limited, brief period of time, often contrasted with long-term.