1. Overview of financial planning Aa Aa 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. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly 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. 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