Multiple Choice
Managers at ANC Inc.operate with planning horizons greater than five years.The top managers are concerned about changing conditions in the external environment.It is difficult to predict competitive conditions five years in the future, so they implemented a plan that involves regular reviews and updates in all levels of the company.The plan enables the company to respond quickly and make adjustments as necessary.This is an example of a(n) _____ plan.
A) short-term
B) long-term
C) intermediate-term
D) rolling
E) annual
Correct Answer:

Verified
Correct Answer:
Verified
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