which best explains the difference between short - term and long - term planning? short - term planning…

which best explains the difference between short - term and long - term planning? short - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future. short - term planning involves only small amounts of money while long - term planning involves large sums of money. short - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals. short - term planning focuses only on personal goals while long - term planning focuses only on business goals.

which best explains the difference between short - term and long - term planning? short - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future. short - term planning involves only small amounts of money while long - term planning involves large sums of money. short - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals. short - term planning focuses only on personal goals while long - term planning focuses only on business goals.

Answer

Brief Explanations:

Short - term planning typically deals with immediate or near - future regular expenses, while long - term planning often involves saving for larger future purchases or significant financial goals. The other options have inaccuracies such as short - term planning not being limited to personal goals or only small amounts of money, and long - term planning not just being about large sums or only business goals.

Answer:

Short - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future.