A company identifies the following goals and objectives:
Increase sales 10 percent each year.
Increase profits 5 percent each year.
Increase total plant assets 5 percent each year.
Which of the following budgets identifies the overall goals and objectives of an organization?
A) sales budget
B) master budget
C) strategic plan
D) financial planning model

Question

Quizplus · Accepted Answer

A strategic plan outlines the long-term goals and objectives of an organization, encompassing aspects like sales, profits, and asset growth, which aligns with the goals mentioned.

A Company Identifies the Following Goals and Objectives