Indicate whether each of the following statements is true or false. Short-term plans are more specific and detailed than long-term plans. _____ Short term planning focuses on the operations of a business for the next two to three years. ______ A decision to lease equipment would be part of a company's capital budgeting process._______ The master budget focuses on long-term objectives and goals. ______ The master budget normally covers a period of one quarter. ______