Operational plans form the foundation for strategic plans, whereas strategic plans specify the activities and resources that are needed to carry out the operational plans.
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Q18: Operational plans include single-use plans like budgets
Q21: A flexible budget allocates resources as if
Q45: A fixed budget is defined as one
Q46: Policies set expectations for many aspects of
Q47: Operating budgets allocate resources like labour, equipment,
Q48: A zero-based budget allows the allocation of
Q49: A monthly operating budget is an example
Q52: Procedures present a plan of action for
Q53: Operational plans define what needs to be
Q55: Standard operating procedures are rules that are
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