Which of the Following Statements Is False

question 31

Multiple Choice

Which of the following statements is false?

• A)Strategic planning is relatively unstructured.
• B)Strategic planning uses much information from outside the firm.
• C)Lower level management must convert strategic plans into plans directed at each operational unit.
• D)One of the goals of strategic planning is for individuals and operational units to work toward their own desired objectives.

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Definitions:

Controllable Costs

Expenses that can be directly controlled or influenced by a manager or decision-maker within a certain time frame.

Budgetary Control

A management tool used for monitoring and controlling costs by comparing actual performance with budgeted expectations, facilitating corrective actions.

Controlling Operations

This refers to the process of monitoring, managing, and adjusting a company's or organization's operations to meet set goals and objectives.

Nonoperating Assets

Nonoperating assets are assets that are not essential to the primary business operations and may include investments, unused land, or other assets held for future use.