A "Strategic plan' is also called?
Correct answer: D. long term plan
- A. none of aboveCompare HR Software
- B. short term plan
- C. Both A and B
- D. long term plan
Explanation
A strategic plan sets the organisation's long-term direction, objectives and broad methods for achieving them. Short-term plans are usually tactical or operational plans derived from the strategic plan.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
Practise Principles of Management
138 free Principles of Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Principles of Management questions
The 'competitive strategy' includes?
The plan which is firstly discussed in business plan is mostly?
A company that controls market by offering same products as of competitors, considered as?
When the company has a single product line, it is said to be a part of?
The 'Volvo' stresses more safe cars as compared to others in market, this can be an example of?
The 'market saturation' can be the best classified as?