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 a forecast of a firm's free cash flows, usually for the next five years, with greater specificity for the first year and less detail for each succeeding year Forecasts the additional sources of monies required to fund the company's sales, marketing, and production processes Dividend policy Operating plan Capital structure 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. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly. need to support these plans. ability to achieve short-run success. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will Firms should use a performance-based management compensation system that is based on a manager's