Which of the Following Statements Is Not True of Short-Term

question 72

Multiple Choice

Which of the following statements is not true of short-term financial planning?

• A) The plan should consider possible shortfalls in sales or a delay in collections.
• B) The plan seeks to ensure that the company will be able to meet its cash needs.
• C) The planning period is typically five years.
• D) The plan needs to be based on the best forecasts available.

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Definitions:

Stages

The distinct phases or steps in a process or life cycle, marking significant points of development or change.

Habitual Decision Making

Consumer decisions made out of “habit,” without much deliberation or product comparison.

Candy Bar

A confectionery item that is typically made from chocolate or a sugar-based mix, often with other ingredients like nuts or caramel.

Checkout Line

The queue or line that shoppers wait in to pay for their purchases at a store.