Final answer:
The strategic plan is a plan from which an organization can determine short and long-term objectives. It outlines the direction and goals of the organization and provides a roadmap for achieving them. The correct option is A.
Step-by-step explanation:
The strategic plan is a plan from which an organization can determine short and long-term objectives. It outlines the direction and goals of the organization and provides a roadmap for achieving them.
For example, a company may have a strategic plan to expand its market share by entering new markets and launching new products. The plan would include specific actions, timelines, and resources needed to achieve these objectives.
The strategic plan is different from a forecast of future sales, the final step in the budgeting process, or a type of budget that contains the operating budget and financial budget. While these may be components or outputs of a strategic plan, they are not the same thing.