Asked by Tamara Javelosa on Jun 20, 2024
Verified
Typically, long-range plans include five-year financial projections.
Long-range Plans
Strategic plans that outline goals and objectives set to be achieved over an extended period, typically over several years.
Financial Projections
Estimates of a company's future financial outcomes, often including income statements, balance sheets, and cash flow statements.
- Appreciate the significance of long-range planning and financial projections.
Verified Answer
GS
Gurman SinghJun 24, 2024
Final Answer :
True
Explanation :
Long-range plans often include financial projections for the next five years.
Learning Objectives
- Appreciate the significance of long-range planning and financial projections.