_________consider proposed fixed-asset outlays, research and development activities, marketingand product development actions, and both the mix and major sources of financing.
A) Cash budgeting
B) Long-term financial plans
C) Pro-forma statements
D) Short-term financial plans

Question

Quizplus · Accepted Answer

Long-term financial plans are designed to support the company's strategic vision and goals over an extended period. This type of plan would be most appropriate to consider fixed-asset outlays, research and development activities, marketing and product development actions, and financing sources. A cash budget, pro-forma statements or short-term financial plan would not address these long-term objectives.

_________Consider Proposed Fixed-Asset Outlays, Research and Development Activities, Marketingand Product