Which of the Following Statements Best Describes Proper Strategic Planning

question 84

Multiple Choice

Which of the following statements best describes proper strategic planning?

• A)Strategic planning should be for three years.
• B)Effective strategic planning creates plans that are unaffected by environmental changes.
• C)Top-management participation in strategic planning should be encouraged.
• D)Strategic planning allows a firm to replace careful analysis with creativity.

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Definitions:

Car Dealer

A commercial organization that retails brand-new or pre-owned vehicles, operating under a dealership agreement with a car manufacturer or its sales division.

Interval Estimate

A range of values used to estimate a population parameter, typically expressed through confidence intervals.

Confidence

The degree of certainty or belief in a statistical estimate or hypothesis.

Mean Scores

The average value derived from a set of numbers or scores.