Which of the Following Statements About Long-Range Plans Is FALSE

question 67

Multiple Choice

Which of the following statements about long-range plans is FALSE?

• A) Long-range plans provide forecasted financial statements for five to ten year periods.
• B) Long-range plans guide day-to-day operations.
• C) Companies coordinate long-range plans with capital budgets.
• D) A decision made during long-range planning is the acquisition of a plant building.

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Job Performance Criteria

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Critical goals or objectives that must be achieved for an organization to succeed and maintain competitive advantage.

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