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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Definitions:

Graphic Warnings

Visual health warnings found on product packaging, aimed at informing consumers of the risks associated with use, often used for cigarettes.

Biologically Magnified

Refers to the process by which the concentration of toxic substances increases in each successive link in the food chain.

Trophic Level

The position an organism occupies in a food chain, determined by its feeding relationships.

Bacteria

Single-celled organisms that can exist either as independent (free-living) entities or as parasites (dependent upon another organism for life).