6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented planning. d. external planning. 7. One purpose of controlling activities is to a monitor day-to-day operations to ensure that processes are operating as expected. b. translate long-term strategy into a short-term plan. c. perform variance analysis and prepare performance reports. d. translate short-term strategy into a long-term plan. 8. To help managers with their evaluations, managerial accountants often perform a. time tests. b. spot checks. C. variance analysis. d. performance reviews. 9. The forefront of managerial activity is a. planning activities. b. controlling activities. c. evaluating activities. d. decision-making. 10. One of the planning activities that occupies managers is inventory planning. Which of the following is not an input into this planning process? a. Projected sales forecasts b. Variance analysis of actual versus budgeted inventory c. Projected supply and prices d. Anticipated manufacturing capacity