Plans that are implemented by middle managers that explain how the company will useresources budgets, and people from 6 months to 2 years is a O a. Standing Plan O b. Strategic Plan O. Budget Plan Tactical Plan d. O e. Contingency Plan
Plans that are implemented by middle managers that explain how the company will useresources budgets, and people from 6 months to 2 years is a O a. Standing Plan O b. Strategic Plan O. Budget Plan Tactical Plan d. O e. Contingency Plan
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![### Understanding Business Plans: Multiple-Choice Question
**Question:**
Plans that are implemented by middle managers that explain how the company will use resources, budgets, and people from 6 months to 2 years is a _______.
**Options:**
- a. Standing Plan
- b. Strategic Plan
- c. Budget Plan
- d. Tactical Plan
- e. Contingency Plan
**Explanation:**
This question tests your understanding of different types of business plans used within a company. The correct answer will identify the type of plan used by middle managers for guiding short to medium-term goals, typically ranging from 6 months to 2 years. Choose the option you believe best fits this description.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82830c1d-de1f-40e9-967c-3f5d73273de3%2F323f9306-ae4c-4847-a0ff-8322f9327aad%2Fwntbw2s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:### Understanding Business Plans: Multiple-Choice Question
**Question:**
Plans that are implemented by middle managers that explain how the company will use resources, budgets, and people from 6 months to 2 years is a _______.
**Options:**
- a. Standing Plan
- b. Strategic Plan
- c. Budget Plan
- d. Tactical Plan
- e. Contingency Plan
**Explanation:**
This question tests your understanding of different types of business plans used within a company. The correct answer will identify the type of plan used by middle managers for guiding short to medium-term goals, typically ranging from 6 months to 2 years. Choose the option you believe best fits this description.
Expert Solution
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Planning is a process of preparing the activities to attain the desired goal.
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