The Level of Planning Involving the Longest Time Horizon, Usually

question 24

Multiple Choice

The level of planning involving the longest time horizon, usually ranging from three to seven years, is

• A) operational planning.
• B) missionary planning.
• C) tactical planning.
• D) departmental planning.
• E) strategic planning.

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Definitions:

Goodwill

An intangible asset reflecting the value of a business above its tangible assets and liabilities, often associated with its brand, customer base, and reputation.

Sense of Ownership

The psychological state or feeling whereby an individual identifies with or feels a possessive connection to an object or property.

Sense of Satisfaction

The feeling of contentment or fulfillment that comes from achieving or accomplishing something.

Confirmation Bias

The tendency to process information by looking for, or interpreting, information that is consistent with one’s existing beliefs.