1. Overview of financial planning Aa Aa B Match the terms on the left with their correct descriptions on the right in the following table. Terms Descriptions States the firm's overall purpose Defines the company's line(s) of business and its geographic area of operations Sets forth specific goals or targets to help operating managers focus on the firm's primary objectives which of the following statements about the financial planning process are true? Check all that apply. O The firm will need to calculate the amount of funds it will be able to generate internally. If that is not enough capital to support the financial plan, the firm will need to raise external funds to support the financial plan or the plan will have to be revised to focus on the highest value opportunities. O New computer software has made it easier for top-level managers to monitor the workings of the financial plan, and that has reduced the need for analysts and "middle managers" who previously developed, maintained, and explained the financial plan. O A firm's performance-based compensation system should be focused on an employee's ability to create short-run profits because this will ultimately keep the firm's stock price the highest