Plans with a time horizon of five years or more are referred to as:
A)intermediate plans
B)rolling plans
C)short-term plans
D)corporate term plans
E)long-term plans

Question

Quizplus · Accepted Answer

Plans with a time horizon of five years or more are generally considered to be long-term plans. Intermediate plans typically have a time horizon of one to three years, while short-term plans have a time horizon of one year or less. Rolling plans are a type of planning process in which plans are continually updated and revised on a regular basis, rather than being set for a fixed period of time. Corporate term plans are not a commonly used term in the field of planning.

Plans with a Time Horizon of Five Years or More