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:

Test of Independence

A statistical technique that identifies whether there is a meaningful relationship between two variables of categorical type.

Categorical Variable

A variable that represents groups or categories with no intrinsic ranking or order.

Expected by Chance

An outcome or result that occurs without a deliberate intention, as if by random occurrence or luck.

Two-sample Chi-square

A statistical test used to compare the difference between two categorical variables from two different populations.