The ________ is a formal document that outlines an organization's 3- to 5-year mission, vision, goals, objectives, and strategies.
A) strategic plan
B) business plan
C) project plan
D) annual business report

Question

Quizplus · Accepted Answer

A strategic plan is specifically designed to outline an organization's long-term direction and goals, whereas a business plan is typically focused on a specific project or initiative. A project plan is even more specific, outlining the steps and timeline for completing a particular project. An annual business report is a retrospective document focused on summarizing the past year's performance, rather than setting out a vision for the future.

The ________ Is a Formal Document That Outlines an Organization's