Question

The main purpose of short-term planning is to meet your fixed expenses and plan for discretionary expenses.

Answer 1

The statement "The main purpose of short-term planning is to meet your fixed expenses and plan for discretionary expenses. is true. Option A

Short-term planning: what is it?

Short-term planning is often expected to take a year or less. Your daily, weekly, monthly, even quarterly and annual objectives might be considered "short-term goals." They act as stepping stones to help you achieve your primary goal.

A short-term goal is anything you can accomplish in less than a year. Short-term goals might be as simple as reading two books per month, quitting smoking, exercising twice per week, developing a morning routine, etc. The claim is thus accurate.

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