Bylue Inc. has set a long-term plan to increase production by 100% over the next five years. Jose uses this information to set up a purchase plan for new equipment for the next year that will allow an increase in production of up to 20% in the next year on the way to the 100% increase by year five. Which of the following is true?
A) The 100% increase in production would have been reflected in the next year's master budget affecting the manufacturing costs.
B) The purchase of new equipment would have been identified in the mission and vision step of the strategic planning process.
C) The purchase plan for new equipment would have been identified during the strategies and initiatives step of the strategic planning process.
D) The purchase plan was a short-term objective that was created during the goals and objectives step to support the long-term goal of 100% increase in production.

Question

Quizplus · Accepted Answer

To meet long-term goals, short-term objectives, to be accomplished in the coming year, are created to support the ultimate attainment of the long-term goals.

Bylue Inc Has Set a Long-Term Plan to Increase Production by by 100