January 2015
Beginner
480 pages
31h 42m
English
Content preview from Financial Management: Core Concepts, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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9.1 Short-Term and Long-Term Decisions
What is the difference between a short-term decision and a long-term decision? The obvious answer is the time frame that the decision affects.
As an illustration of a short-term decision, you will decide today what to eat for your next meal. This decision may involve a set of choices with varying costs. The choice affects you for only a short period of time, and the difference in cost of the different menu options is relatively small. In addition, you will face the same decision again in a few hours and can make a different choice for the next meal selection.
Then there are long-term decisions. Recall for a moment your decision concerning which college to attend. This decision affects you for a number of ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.