Strategic Planning Is

question 38

Multiple Choice

Strategic planning is:

• A) The continual evaluation of the profitability of the various product lines and divisions.
• B) The systematic planning for long-term investments in operating assets.
• C) Broad, long-range planning.
• D) Planning decisions regarding current operations and those of the immediate future.

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Definitions:

Differences

Variances or disparities between entities, items, or processes that are being compared or evaluated.

Actual

Referring to real, measured, or experienced facts and figures as opposed to estimates or projections.

Planned Results

The expected financial and operational outcomes from a company’s activities, based on strategic planning and budgeting.

Periodic Budget Reports

Reports generated at regular intervals to compare budgeted outcomes to actual financial performance.