A) B)C)D)E)

question 226

Multiple Choice

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Definitions:

Strategic Plans

Long-range action plans designed to help an organization achieve its goals and objectives through a coordinated set of actions.

Operational Plans

Detailed, short-term plans that outline how a business will functionally achieve its objectives and strategic goals.

Recruitment

The process of finding, attracting, and selecting candidates for employment to fill job vacancies within an organization.

Opportunity Cost

The cost of the next best alternative that is foregone when a decision is made.