A future direction which enables the focusing of an organisation's resources and decision making around a common theme, is a definition of:
A) planning
B) budgeting
C) control
D) strategy

Question

Quizplus · Accepted Answer

A strategy is defined as a future direction that enables an organization to focus its resources and decision making around a common theme. Planning involves the creation of specific plans and goals to achieve the organization's strategy. Budgeting involves the allocation of financial resources to support the plans and goals. Control involves monitoring performance to ensure that plans and goals are being achieved. Therefore, strategy is the best choice as it encompasses all other elements and provides the overarching direction for an organization.

A Future Direction Which Enables the Focusing of an Organisation's