Question 4 2 pts Which of the following statements is not true regarding planning process? The planning continuum includes organizational goals and a strategic long-range profit plan. The planning continuum interludes a tactical short-range profit plan also known as the master budget. Each part of the planning continuum needs to be considered in isolation to avoid the influence of one part on other parts. Planning should focus the company's critical success factors Question 5 2 pt Which of the following statements is not true regarding the master budget: o It typically spans 1 year to 5 quarters. It only includes financial aspects of a plan. It is typically comprised of many individual budgets. It is derived from long-range plan in consideration of current and economic conditions