11. Gitar the head of the marketing department, assigned her4% people to specific committees needed in the launching of the online selling website of the company. What planning process did she perform? c. Identifying a. Setting of goals goal-related tasks b. Determining contingency plan d. Identifying resources 12. The following are the first steps in preparing a financial plan except. a. Identifying company's mission b. Knowing where the business will be c. Making objective for day to day operation d. Seizing actual plans for assumptions made 13. Who is NOT involved in the short-term planning? a. Board of Directors c. Head of Finance b. Secretary to the president d. All of the above 14. Which is TRUE about long-term planning? a. It involves both higher and lower level management b. it focuses on the daily function of the company c. it is less detailed d. It involves mostly from the top management 15.Financial Planning deals with 1. Preparation of Financial Statements III. Preparing Budget II. Planning for a capital Issue a. b. II. c. III | d. 1,11, III 16. Identify the correct components of the income statement a. revenues, losses, expenses, and gains b. assets, liabilities, and owners equity