Long-term financial plans must include capital expenditures.

Question

Quizplus · Accepted Answer

Long-term financial plans typically involve the allocation of funds for capital expenditures, which are investments in assets such as property, equipment or infrastructure that are expected to generate a return over a period of several years. Including capital expenditures in a long-term financial plan helps to ensure that the organization has the resources it needs to achieve its strategic objectives and maintain a competitive advantage.

Long-Term Financial Plans Must Include Capital Expenditures