Strategic Plans Are Designed to

question 12

Multiple Choice

Strategic plans are designed to

• A) implement operational plans.
• B) establish day-by-day procedures.
• C) shape the destiny of the firm.
• D) carrying out the functions of management.

---

Definitions:

Wealth

An abundance of valuable resources or material possessions, or the control over such assets.

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a group or society, often based on race, gender, wealth, or other factors.

Ascribed Statuses

Social positions individuals are born into, such as family background, race, and gender, which are involuntary and not achieved by personal effort or merit.

Social Stratification

The hierarchical arrangement of individuals or groups in society based on wealth, power, status, or other criteria.