The Proper Ranking of the Four Kinds of Business Plan

question 149

Multiple Choice

The proper ranking of the four kinds of business plan from longest to shortest term is:

• A) budgeting, forecasting, strategic planning, operational planning.
• B) strategic planning, budgeting, operational planning, forecasting.
• C) forecasting, strategic planning, operational planning, budgeting.
• D) strategic planning, operational planning, budgeting, forecasting.
• E) strategic planning, forecasting, budgeting, operational planning.

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Definitions:

Intrinsic Motivation

Act of doing something for its inherent satisfaction rather than for some separable consequence or external reward.

Academic Stability

The ability to maintain consistent academic performance and engagement over time.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of countries.