question 4 which best explains the difference between short - term and long - term planning? short - term…

question 4 which best explains the difference between short - term and long - term planning? short - term planning seeks to reduce discretionary spending while long - term planning seeks to reduce flexible expenses. short - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals. short - term planning involves only small amounts of money while long - term planning involves large sums of money. 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. 1.5 pts

question 4 which best explains the difference between short - term and long - term planning? short - term planning seeks to reduce discretionary spending while long - term planning seeks to reduce flexible expenses. short - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals. short - term planning involves only small amounts of money while long - term planning involves large sums of money. 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. 1.5 pts

Answer

Brief Explanations:

Short - term planning focuses on immediate financial goals and managing regular, near - future expenses. Long - term planning is for larger, more distant goals like major purchases or retirement. The option about short - term planning taking care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future correctly differentiates between the two based on time - frame and goal nature.

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.