A strategic budget is a long-term financial plan used to coordinate the activities needed to achieve the long-term goals of the company
Indicate whether the statement is true or false
TRUE
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Which of the following business plans matches with its appropriate emphasis?
A) Summary business plan - works best for companies who are at the point where they need funding or financing; serves as a "blueprint" for the company's operations B) Operational business plan - works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in their idea C) Full business plan - works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in the idea D) Summary business plan is meant primarily for an internal audience - works best as a tool for creating a blueprint for a company's operations and providing guidance to operational managers E) Summary business plan - works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in their idea
A process is considered to be under control when ________
A) only special causes of variation are present B) only process attributes are present C) only process variables are present D) only common causes of variation are present