Because Strategic Planning Focuses on the Long Term and Tactical

question 69

True/False

Because strategic planning focuses on the long term and tactical planning on the short term,strategic plans cover a relatively long period of time whereas tactical plans cover a relatively short period of time.

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Definitions:

Poisson Distribution

A probability distribution that indicates the likelihood of a specific number of occurrences happening within a certain time or space period, given that these occurrences happen at a constant average rate and are independent of the time elapsed since the prior occurrence.

Exponential Distribution

A statistical model that represents the intervals between occurrences in a continuous and independent process happening at a steady average pace.

Exponential Distribution

A statistical distribution used for modeling the time between events in a process where events occur continuously and independently at a constant average rate.

Bank Teller

A financial service professional who assists customers in managing bank accounts, executing transactions such as deposits and withdrawals, and providing information on bank products.