What is the planning tool that addresses the organization's short- and long-term goals; identifies the steps needed to achieve the goals; and gives the time line, priority, and allocation of resources to each goal?

What is the planning tool that addresses the organization's short- and long-term goals; identifies the steps needed to achieve the goals; and gives the time line, priority, and allocation of resources to each goal?


a. financial plan

b. strategic plan

c. risk management

d. marketing plan


Answer: b. strategic plan


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