Which of the following is a long-term exercise in which managers try to predict what the business will do in rough terms?
A)Operational planning
B)Budgeting
C)Strategic planning
D)Controlling

Question

Quizplus · Accepted Answer

Strategic planning is a long-term exercise in which managers try to predict the future direction of the business in rough terms. Operational planning is focused on short-term goals and day-to-day operations, while budgeting involves setting financial targets for the upcoming period. Controlling involves monitoring performance against established goals and making necessary adjustments.

Which of the Following Is a Long-Term Exercise in Which