Indicate Whether Each of the Following Statements Is True or False

question 8

Short Answer

Indicate whether each of the following statements is true or false.
1. Short-term plans are more specific and detailed than long-term plans.
2. Short-term planning focuses on the operations of a business for the next two to three years.
3. A decision to lease equipment would be part of a company's capital budgeting process.
4. The master budget focuses on long-term objectives and goals.
5. The master budget normally covers a period of one quarter.

---

Definitions:

Sign-In Options

Various methods provided by software or online services for users to authenticate their identity and access their accounts.

PIN

A personal identification number, a numerical code used in securing access to systems or devices.

Hacker

An individual skilled in technology who utilizes knowledge to overcome limitations, often associated with unauthorized access to computer systems, though the term can also refer to innovative problem solving.

Legally

Pertaining to or concerning the law.