A formalized financial plan for organizational operations is called a long-term strategy.

Name: A formalized financial plan for organizational operations is called a long-term strategy.
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A formalized financial plan for organizational operations is called a budget, not a long-term strategy. A long-term strategy involves setting long-term goals and determining actions to achieve those goals, which may include financial planning but encompasses much more.

A Formalized Financial Plan for Organizational Operations Is Called a Long-Term