True or false?

1. When financing increases in sales, firms must only consider if the capital can be raised internally.

2. A firm's operating plan typically outlines the firm's mission statement

3. An increase in sales for the firm is not free. All current liabilities must also increase to support the increase in sales.

4. Short-term increases in sales are often financing with long-term debt

5. The higher a firm's profit margin, the less reliant the firm is on external financing