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Financial planning Focuses solely on the short-term outlook for a firm. O Is a process that firms employ only when major changes to a firm's

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Financial planning Focuses solely on the short-term outlook for a firm. O Is a process that firms employ only when major changes to a firm's operations are anticipated. Is a process that firms undergo once every five years. Considers multiple options and scenarios. Provides minimal benefits for firms that are highly responsive to economic changes

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