Asked by Kierra Lewis on May 02, 2024
Verified
Which of these have a much longer time horizon,perhaps up to 5 or 10 years?
A) Inventory management plan
B) Current liability plan
C) Strategic plan
D) Operating plan
Strategic Plan
A document that outlines an organization's long-term goals and the strategies it will use to achieve them.
Time Horizon
The length of time over which an investment or a project is expected to be pursued or a goal to be achieved.
Operating Plan
A detailed description of how a company's operational activities will be carried out to meet goals and objectives, including production, staffing, and inventory requirements.
- Identify and contrast the diverse financial planning categories and their aims.
Verified Answer
CM
Capucine MorelleMay 06, 2024
Final Answer :
C
Explanation :
Strategic plans outline the long-term vision and direction of an organization, typically spanning 5 to 10 years or more. They focus on achieving high-level goals and objectives, unlike the other options which are more short-term and operational in nature.
Learning Objectives
- Identify and contrast the diverse financial planning categories and their aims.