Which of the Following Is True About Strategic Planning

question 74

Multiple Choice

Which of the following is true about strategic planning?

• A) It is analogous to short-range planning.
• B) It is the planning process applied at the highest levels of the organization.
• C) It concentrates on the formulation of functional plans.
• D) It is done primarily by lower-level managers.
• E) Production schedules are an example of strategic planning.

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Definitions:

Mission Statement

A concise declaration of an organization's core purpose, goals, and values, intended to guide its strategic decision-making and operations.

Actionable

Capable of being acted upon; information or advice that is clear and useful for guiding decisions or actions.

Inspirational

Serving to motivate, encourage, and stimulate someone or something, often leading to creative ideas or actions.

Long Term

Pertaining to an extended period of time, typically involving planning or investment that spans several years.