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JAMB Commerce 1997 Question 46

Question 46

Business Management

In a business organization, the annual operation plan or budget is a form of

  1. A.casual plan
  2. B.medium-term plan
  3. C.long-term plan
  4. D.short-term plan.
Show the answer and explanation

Answer: D (short-term plan.)

Explanation

A plan covering one year or less is a short-term plan.