Long-term forecasts that cover two to ten years and take a broader view of the company's financial activities are known as which of the following?
A) tactical plans
B) operating plans
C) strategic plans
D) projected plans

Question

Quizplus · Accepted Answer

Long-term forecasts that cover two to ten years and take a broader view of the company's financial activities are known as strategic plans. Tactical plans cover a shorter time frame and focus on specific actions to achieve goals, while operating plans outline the day-to-day activities and processes necessary to implement tactical plans. Projected plans are not a commonly used term in financial forecasting.

Long-Term Forecasts That Cover Two to Ten Years and Take