Which of the Following Statements Is True About a Tactical

question 76

Multiple Choice

Which of the following statements is true about a tactical plan?

• A) It is an organized sequence of steps designed to execute strategic plans.
• B) It is exclusively developed by the board of directors.
• C) It is more broad and nonspecific when compared to a strategic plan.
• D) It is developed independently of the external business environment.
• E) It does not specify time frames and resources.

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Definitions:

Allocation of Resources

The process of distributing scarce resources among various uses or competing demands to maximize output or efficiency in an economy.

Income Distribution

Refers to the way in which total income is shared among the members of a society.

Income Inequality

The uneven distribution of income within a population, leading to gaps between the wealthiest and the poorest individuals.

Income Distribution

The way in which total income is divided among the population or different groups within society, affecting economic inequality.