The financial planning process begins with___________ financial plans that in turn guide theformation of ___________ plans and budgets.
A) short-run; operating
B) short-run; long-run
C) long-run; short-run
D) long-run; strategic

Question

Quizplus · Accepted Answer

The financial planning process begins with long-run financial plans, which then guide the formation of short-run operating plans and budgets. This sequence ensures that short-term decisions are consistent with long-term goals and strategies. Therefore, option C is the best choice.

The Financial Planning Process Begins With___________ Financial Plans That in Turn