Attempts: Keep the Highest: 16 Attention: Due to a bug in Google Chrome, this page may not function correctly. Click here to learn more 1. Overview of financial planning AaAa Match the terms on the left with their correct descriptions on the right in the following table. Terms Descriptions Mission statement States the firm's overall purpose Defines the company's line(s) of business and its geographic area of operations Mission statement Corporate scope Statement of corporate objectives Sets forth specfic goals or targets to help operating managers focus on the firm's primary objectives Which of the following statements about the financial planning process are true? Check all that apply. The firm will need to calculate the amount of funds it will be able to generate internally. If that is not enough capital to support the financial plan, the firm will need to raise external funds to support the financial plan or the plan will have to be revised to focus on the highest value opportunities ont rthe wo kingsoft ef nancial New computer so warehasmade teas erfortop-level managers t plan, and that has reduced the need for analysts and 'midle managers" who previously developesd, maintained, and explained the financial plan. l Firms should use a performance-based management compensation system that is based on a manager's ability to achieve short-run success