Which of the following is true about long-range and short-range plans?
A) There is a lot more permanency to long-term plans today than there was in the past.
B) Long-term plans are not subject to frequent revisions today.
C) Long-term plans typically look at least ten years or more into the future.
D) The time frames of planning are shrinkingat present.
E) Lower management is mainly responsible for creating short-term plans.

Question

Quizplus · Accepted Answer

The time frames for planning are indeed shrinking due to the rapid pace of technological change, market dynamics, and other factors that require businesses to be more agile and adaptable. This has led to a reduction in the horizon of long-term plans and an increased focus on short-term planning and flexibility.

Which of the Following Is True About Long-Range and Short-Range