The Main Differences Between Strategic Planning and Financial Controls Are

question 2

Multiple Choice

The main differences between strategic planning and financial controls are:

• A)Strategic planning includes financial measures while financial control ignore non-financial strategic issues
• B)Strategic planning focuses on medium-term strategic goals, while financial control focuses on short-term financial goals
• C)Both focus on outputs, but financial control focuses on medium term outputs
• D)Both focus on short-term outputs

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Definitions:

Third Party

Any individual or group who is not a primary participant in a transaction, contract, or legal situation but may be impacted by its results.

Dispute

A disagreement or conflict between parties that may involve a fight, battle, or a legal case.

Solution Imposition

Refers to enforcing a specific solution or decision on an issue, often without the consent of all parties involved.

Collective Agreement Operation

The process by which the terms and conditions of employment are negotiated and enforced between an employer and a representative group of employees.