Select the Term from the List Provided That Best Matches

question 147

Essay

Select the term from the list provided that best matches each of the following descriptions.

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Definitions:

Financial Planning

The process of creating and managing a strategic plan for a person's or organization's financial affairs.

Short-Term

Relating to or occurring over a short period of time, typically less than one year, often used in finance to describe assets or liabilities.

Long-Term

Refers to holding or considering an investment, obligation, or strategy for a duration that exceeds the short-term period, often years.

Alternative Scenarios

Different potential future events or conditions that are considered for planning, risk assessment, and strategic decision making.