True or false   1. The starting point of the planning process is management’s strategic plan or vision of what they want the organization to achieve over the long term.   2. A short-term objective is a specific goal that managers want to achieve in more than a year to reach their long-term goals. True or False   3. Planning is the forward-looking phase of the planning and control process that involves setting long-term objectives and defining short-term tactics that will help to achieve them

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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True or false

 

1. The starting point of the planning process is management’s strategic plan or vision of what they want the organization to achieve over the long term.

 

2. A short-term objective is a specific goal that managers want to achieve in more than a year to reach their long-term goals.

True or False

 

3. Planning is the forward-looking phase of the planning and control process that involves setting long-term objectives and defining short-term tactics that will help to achieve them.

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