Asked by Thomas Waller on Apr 29, 2024
Verified
Which of these are short-term in nature,focusing on projections no more than a year or two in the future?
A) Asset management plan
B) Leverage plan
C) Strategic plan
D) Operating plans
Operating Plans
Detailed outlines of how a business will operate in the short term, including goals, budget, and resource allocation.
Projections
Forward-looking estimates or predictions about a company's financial performance, often involving revenue, expenses, and profit forecasts.
Asset Management
The systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.
- Recognize the distinctions among different financial planning models and their goals.
Verified Answer
JH
Jaskaran HundalMay 04, 2024
Final Answer :
D
Explanation :
Operating plans are typically short-term in nature, focusing on the specific actions and resources needed to achieve strategic objectives within a year or two.
Learning Objectives
- Recognize the distinctions among different financial planning models and their goals.