A Difference Between Strategic and Tactical Goals Is That

question 82

Multiple Choice

A difference between strategic and tactical goals is that:

• A)strategic goals are more specific than tactical goals. 
• B)tactical goals encompass broader dimensions than strategic goals. 
• C)tactical goals are more important for a project than strategic goals. 
• D)strategic goals are long-term in nature whereas tactical goals are short-term.

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Definitions:

Lump Sum Payment

A large single payment made at one time, instead of spreading payments over periods, often used in settlements or financial transactions.

Labor Income

Earnings received by workers for their labor, typically from wages, salaries, or tips.

Budget Line

An illustration showing all the potential combinations of two products that someone can buy, considering their wealth and the price points of the items.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.