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Elise owns and operates a convenience store.Because that store is located near a high school, it loses a great deal of profit to shoplifting.Last week, Elise caught Hakan in the act of stealing a magazine.She physically detained him and called the police.The police arrived and placed Hakan in handcuffs.At that point, Elise calmly and intentionally punched Hakan in the face and said, "I've been waiting a long time for the chance to do that." Elise has a liability insurance policy that she purchased from the Pacific All Risk Insurance Co.Which of the following statements is TRUE?
Top Management
The highest level of managers in an organization, typically responsible for strategic decisions and overall operations.
Planning
Planning involves setting goals and determining the most effective course of action to achieve those goals.
Long-term Plans
Strategic roadmaps developed to achieve goals and objectives over an extended period, typically beyond one year.
Short-term Plans
Strategic objectives and actions designed to be implemented and achieved within a brief period, usually less than a year.
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