Which of the following plans is a statement of long-range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance, and cash flow statement?

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A business plan is a statement of long-range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance, and cash flow statement. Strategic plans outline high-level goals and objectives, sales and operations plans outline production and capacity goals, and budgets are a detailed financial plan for a specific period of time.

Which of the Following Plans Is a Statement of Long-Range