Which of the Following Statements Is True About Strategic Plans

question 90

Multiple Choice

Which of the following statements is true about strategic plans?

• A) They focus on the immediate functional aspects of an organization.
• B) They have moderate interdependence and cross-functional relevance.
• C) They have a narrow scope, a departmental focus, and a short time frame.
• D) They focus on the broad future of the organization.

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Definitions:

Labor Cost Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved; it is used for monitoring labor performance.