COST ACCOUNTING
THE MASTER BUDGET
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Plan
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Budget
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Control
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Planning
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Detailed explanation-1: -Vision planning is an ongoing process that requires complete workforce engagement. Your staff helps to provide insight into potential issues or challenges as well as opportunities in the process of forming the plan, and having their input considered solidifies their commitment to successfully carrying out the plan.
Detailed explanation-2: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives.
Detailed explanation-3: -VMOSA (Vision, Mission, Objectives, Strategies, and Action Plans) is a practical planning process used to help community groups define a vision and develop practical ways to enact change. VMOSA helps your organization set and achieve short term goals while keeping sight of your long term vision.