Expressing plans for a business in financial terms is commonly called. A. master planning B. budgeting. C. strategic planning D. operational planning Select the incorrect statement about the planning process. A. The longer the time period, the more specific the plans. B. Planning decisions can often be sub-divided into three distinct planning phases, short-term intermediate term, and long-term. C. The nature of planning changes with the length of the time period being considered. The shorter the time period, the less general the plans