Which of these plans provide broad guidance for the future and is considered the foundation of any organiz O Operating plan Strategic plan Financial plan Mission Statement

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter6: Understanding The Management Process
Section6.2D: Controlling Ongoing Activities
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QUESTION 13
Which of these plans provide broad guidance for the future and is considered the foundation of any organization's planning process?
Operating plan
Strategic plan
Financial plan
Mission Statement
QUESTION 14
What is the most common time horizon for operating plans?
Annual
Quarterly
5 years
None of these
Transcribed Image Text:QUESTION 13 Which of these plans provide broad guidance for the future and is considered the foundation of any organization's planning process? Operating plan Strategic plan Financial plan Mission Statement QUESTION 14 What is the most common time horizon for operating plans? Annual Quarterly 5 years None of these
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