Management Finance - Part 1

Which of the following most accurately distinguishes strategic planning from operational planning?

Type: MCQ • Marks: 1
Which of the following most accurately distinguishes strategic planning from operational planning?
Options
A. Strategic planning concerns routine daily activities
B. Strategic planning is organisation-wide and long-term, whereas operational planning focuses on implementation and short-term activities
C. Operational planning is always undertaken by top management
D. Strategic planning does not involve objectives
Explanation
Strategic planning determines broad direction and priorities, while operational planning translates them into specific activities.
UPSC Principal & Vice Principal Management Finance Administration

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