What Time Periods Are Typically Covered by Long-Term Goals

question 150

Multiple Choice

What time periods are typically covered by long-term goals?

• A) 5-25 years into the future
• B) 10-15 years or more into the future
• C) 5 years or more into the future
• D) Anything longer than three years
• E) 1-3 years in the future

---

Definitions:

Shareholders

Shareholders are individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled, ensuring accountability and aligning with stakeholders' interests.

CEO

Chief Executive Officer, the highest-ranking executive in a company, who makes major corporate decisions, manages the overall operations and resources, and acts as the main point of communication between the board of directors and corporate operations.

Financial Records

Documents that track the financial activities and condition of an organization or individual, including income, expenses, assets, and liabilities.