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Education QUESTION #11630
Question 1
A strategic plan in organizational management is also commonly referred to as a:
  • Long-term plan✔️
  • Short-term plan
  • Both A and B
  • None of these
Correct Answer Explanation

A strategic plan is synonymous with a long-term plan. It typically covers a period of 3 to 10 or more years and outlines the overall direction of the organization. Short-term plans (operational plans) focus on immediate actions, usually within one year.

Correct Answer: A — Long-term plan.