Which of the Following Sentences About the Differences Between Strategic

question 8

Multiple Choice

Which of the following sentences about the differences between strategic planning and tactical planning is true?

• A) Tactical plans cover a relatively long period of time whereas strategic plans cover a relatively short period of time.
• B) Strategic planning emphasizes analyzing the future and tactical planning emphasizes analyzing the everyday functioning of the organization.
• C) Tactical plans are generally less detailed than strategic plans.
• D) Facts on which to base tactical plans are usually more difficult to gather than are facts on which to base strategic plans.
• E) Tactical plans are usually developed by upper-level management and strategic plans by lower-level management.

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Definitions:

Manufacturing Overhead

These are indirect costs associated with manufacturing, not directly attributable to a specific product, such as factory rent, utilities, and maintenance.

Direct Materials

The raw materials used in the manufacturing process of a product that are directly incorporated into the final product.

Raw Materials Inventory

Stocks of unprocessed materials that are used in the production process, awaiting use in manufacturing.

Factory Utilities

Costs associated with utilities consumed in the manufacturing process, such as electricity, gas, and water.