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The middle managers of a locomotive manufacturing company plan out the financial expenses of the company for a period of one year. Their planning entails allocating financial resources to their individual areas of responsibility. This scenario exemplifies _____.

(A) strategic planning
(B) tactical planning
(C) contingency planning
(D) operational planning

Respuesta :

Answer:

The correct answer is letter "A": strategic planning.

Explanation:

Strategic planning is the mechanism by which an entity determines its strategy or course and chooses to distribute its resources to execute the strategy. Typically, the task is assigned to middle managers inside the entity who request the approval of the Chief Financial Officer (CFO) for their plan to start taking action.

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