Strategic Planning Involves

question 10

Multiple Choice

Strategic planning involves:

• A)setting short-term goals that extend one year into the future.
• B)setting long-term goals that extend 5-10 years into the future.
• C)setting goals for next month.
• D)executing directives from the board of directors.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.

Writing

The activity or skill of marking coherent words on paper and composing text.

Corporate Liability

Legal accountability or responsibility of a corporation for its actions or omissions, which can include financial obligations, damages, and penalties.

Dock Damage

Damage incurred to a dock or a vessel moored at a dock, usually due to accidents or natural events.