Long-run planning involves which one of the following processes?

Question

Quizplus · Accepted Answer

Long-run planning involves making large-scale investment decisions that have a significant impact on the future of the business. Capital budgeting is the process of planning and allocating resources for long-term investment projects, such as purchasing new equipment or expanding operations, which makes it the best choice for long-run planning. Production prioritizing, operational budgeting, and variance comparison are all more short-term processes that focus on day-to-day operations and managing immediate costs and performance.

Long-Run Planning Involves Which One of the Following Processes