What Is the Difference Between Strategic Planning and Operational Planning

question 36

Multiple Choice

What is the difference between strategic planning and operational planning?

• A) Strategic planning sets out strategies for the business to achieve long-term growth and other goals, while operational planning covers the day-to-day operations of the business.
• B) Strategic planning covers the short-term day-to-day workings of a business, while operational planning sets out long-term goals.
• C) Strategic plans are for one year or less and have very specific objectives, while operational plans are more vague and long-term.
• D) All of the above
• E) None of the above

Recognize features not located on plate boundaries and understand their significance.

Calculate the rate of seafloor spreading based on given data.

Understand the geographical and geological differences across various regions due to plate tectonics.

Understand the fundamental principles and arguments for and against corporate social responsibility (CSR).

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Definitions:

Lex Mercatoria

Lex Mercatoria, also known as the law merchant, is a body of commercial law used by merchants throughout Europe during the medieval period, forming the basis of modern commercial law.

Commercial Money Market

A segment of the financial market where commercial banks and other institutions lend and borrow short-term, high-quality debt securities.

Unconditionally

Without any conditions or limitations; absolutely.

Draft

A preliminary version of a piece of writing or document that is open for discussion, modification, or approval.