Indicate whether each of the following statements is true or false.Short-term plans are more specific and detailed than long-term plans.Short-term planning focuses on the operations of a business for the next two to three years.A decision to lease equipment would be part of a company's capital budgeting process.The master budget focuses on long-term objectives and goals.The master budget normally covers a period of one quarter.
What will be an ideal response?
Short-term plans are more specific and detailed than long-term plans. T
Short-term planning focuses on the operations of a business for the next two to three years. F
A decision to lease equipment would be part of a company's capital budgeting process. T
The master budget focuses on long-term objectives and goals. F
The master budget normally covers a period of one quarter. F
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