Which type of plan acts as a framework for decisions and assists in setting corporate benchmarks?

A) operational
B) tactical
C) contingency
D) strategic
E) emergency

Answer:

D
Explanation: D) Strategic plans set the approach for achieving long-term objectives and act as a framework for making decisions throughout the organization. Strategic plans also assist in setting corporate benchmarks. Operational plans and tactical plans have shorter time frames in which they are relevant therefore they are not appropriate for performing these functions. Contingency plans are only used during crises.