The number of years used to define short-term and long-term plans has increased considerably because of the greater environmental certainty businesses have today.

Question

Quizplus · Accepted Answer

The statement is false. The number of years used to define short-term and long-term plans may vary depending on the industry and company strategy. While businesses may have increased environmental certainty today, this does not necessarily mean that planning horizons have universally extended.

The Number of Years Used to Define Short-Term and Long-Term