Two key components of a plan are
A) an objective and an action statement.
B) a budget and an alternative plan.
C) a strategy and an estimated budget.
D) a sales forecast and an operations analysis.
E) a time line and an action statement.

Question

Quizplus · Accepted Answer

An objective defines the goal or outcome desired, and an action statement outlines the steps to be taken to achieve the objective. Both these components are critical to a plan because they provide direction and ensure that efforts are directed towards achieving a specific goal. Budget, strategy, sales forecast, operations analysis, and time line are all important components of a plan, but they do not capture the essence of what a plan is – a roadmap to achieving a goal.

Two Key Components of a Plan Are