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Which of the following statements about long-range plans is FALSE? Long-range plans guide day-to-day operations. Long-range plans provide forecasted financial statements for five to ten

Which of the following statements about long-range plans is FALSE?

	Long-range plans guide day-to-day operations.
	Long-range plans provide forecasted financial statements for five to ten year periods.
	Companies coordinate long-range plans with capital budgets.
	A decision made during long-range planning is the acquisition of a plant building.

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