Which of the Following Is True of Strategic Plans

question 20

Multiple Choice

Which of the following is true of strategic plans?

• A) Plans at the middle and lower levels of the traditional organizational pyramid tend to be strategic.
• B) They are focused only on a particular department or group of employees in the organization.
• C) They are short-range plans to achieve an immediate goal.
• D) They refer to the "tactical" plans of the organization.
• E) They ideally set forth the goals and objectives needed to accomplish the organization's vision.

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Definitions:

Partnership Creditors

Individuals or entities to whom a partnership owes money or has financial obligations.

Ratify

The act of formally approving a contract or agreement, making it officially valid and enforceable.

Unauthorized Act

An action taken without official permission or beyond granted authority, often leading to disciplinary actions or legal consequences.

Partners

The owners of a partnership.