Which of the following is not true about long-term financial plans?
a) Financial plans describe the firm's financial strategy and project its future consequences
b) Financial plans look at investment by each line of business rather than at each individual project
c) Financial plans are designed to minimize risk
d) Financial plans focus on the firm's long-term goals and the investment that will be needed to meet those goals
e) Financial plans consider the consequences of the plan under different scenarios
a) Financial plans describe the firm's financial strategy and project its future consequences
b) Financial plans look at investment by each line of business rather than at each individual project
c) Financial plans are designed to minimize risk
d) Financial plans focus on the firm's long-term goals and the investment that will be needed to meet those goals