The number of years used to define short-term and long-terms 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 has actually decreased due to the greater volatility and uncertainty in the business environment. Businesses now tend to focus on more flexible and adaptable strategies, rather than rigid long-term plans.

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