What three differences exist between long-range planning and budgeting?
A)amount of detail, content, and emphasis
B)time periods involved, amount of detail, and content
C)content, emphasis, and amount of detail
D)emphasis, time periods involved, and amount of detail

Question

Quizplus · Accepted Answer

Long-range planning typically involves broader time horizons and less detail compared to budgeting, which is more detailed and focuses on shorter time periods. The emphasis in long-range planning is on strategic goals, while budgeting emphasizes allocation of resources in the near term.

What Three Differences Exist Between Long-Range Planning and Budgeting