Managers at ANC Inc

question 13

Multiple Choice

Managers at ANC Inc.operate with planning horizons greater than five years.The top managers are concerned about changing conditions in the external environment.It is difficult to predict competitive conditions five years in the future, so they implemented a plan that involves regular reviews and updates in all levels of the company.The plan enables the company to respond quickly and make adjustments as necessary.This is an example of a(n) _____ plan.

• A)short-term
• B)long-term
• C)intermediate-term
• D)rolling
• E)annual