Plans showing business activities intended to accomplish objectives during the next year are referred to as:
A)operating plans
B)strategic plans
C)evaluating plans
D)development plans

Question

Quizplus · Accepted Answer

Operating plans are tactical plans that show how the organization will allocate resources to achieve specific objectives during the next year. They are focused on the day-to-day implementation of the strategic plan and are usually created by middle-level managers. Strategic plans are longer-term plans that establish an organization's overall direction and goals, typically covering three to five years. Evaluating plans are plans focused on assessing the effectiveness of strategies and plans. Development plans are plans focused on employee training and development.

Plans Showing Business Activities Intended to Accomplish Objectives During the Next