(CMA)When comparing strategic planning with operational planning, which one of the following statements is most appropriate?
A)Strategic planning is performed at all levels of management
B)Operational planning results in budget data
C)Strategic planning focuses on authority and responsibility
D)Operational planning is long-range in focus

Question

Quizplus · Accepted Answer

Operational planning focuses on the day-to-day activities and operations of the organization, and one of its key outcomes is budget data or financial forecasts. Strategic planning, on the other hand, is usually limited to top-level management and involves setting long-term goals and objectives for the organization. Option A is incorrect because strategic planning is mostly performed by top-level management or executives. Option C is incorrect because both operational and strategic planning are concerned with authority and responsibility. Option D is incorrect because operational planning is short-range in focus, usually covering a period of one year or less.

(CMA)When Comparing Strategic Planning with Operational Planning, Which One of the Following