1. Overview of financial planning Aa Aa Match each term on the left with its correct corresponding description on the right in the following table: Terms Descriptions Provides detailed implementation guidance for a firm's operations, as well as Financial plan a forecast of the company's expected future free cash flows. Provides the Operating plan Dividend policy inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations. Capital structure Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm Sets forth specifictargets for cash or share distributions to the firm's shareholders Which of the following statements about the financial planning process are true? Check all that apply. Firms should use a performance-based management compensation system that is based on a manager's ability to achieve short-run success. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly