In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is _______.
A) deterministic
B) strategic
C) operational
D) probabilistic

Question

Quizplus · Accepted Answer

Strategic planning involves long-term planning and focuses on the overall direction of the business and the industry in which it operates. Deterministic and probabilistic planning involve forecasting and analyzing financial data to make decisions, while operational planning is focused on short-term goals and day-to-day operations.

In Considering Financial Planning, the Type of Planning That Focuses