E 2. Effective planning of long- and short-term goals has contributed to the success of Multitasker Calendars, Inc. Described below are the actions that the company’s management team took during a recent planning meeting. Indicate whether the goals related to those actions are short-term or long-term.

1. In forecasting the next 10-year period, the management team considered economic and industry forecasts, employee–management relationships, and the structure and role of management.

2. Based on the 10-year forecast, the team made decisions about next year’s sales and profit targets.

Budgeting and Goals