True or False?

1. Financial Planning should attempt to minimize risk?
2. The primary aim of financial planning is to obtain better forecasts of future cash flows and earnings
3. Financial planning is necessary because financing and investment decisions interact and should not be made independently
4. Firms planning horizons rarely exceed 3 years
5. Individual capital investment projects are not considered in financial plan unless they are very large
6. Financial planning requires accurate and consistent forecasting
7. Financial planning models should include as much detail as possible