According to arousal theory, organisms are driven to reach and maintain an ideal or optimal degree of stimulation that maximizes their performance.
What is an arousal theory?According to the low arousal theory, people with attention-deficit hyperactivity disorder (ADHD) and antisocial personality disorder (ASPD) look for self-stimulation through excessive activity to overcome their unusually low arousal level. This low arousal explains compulsive hyperactive behavior as well as the incapacity or difficulty to retain attention on any job of fading stimulus or novelty.
What causes low emotional arousal is unknown to researchers. Three suggestions have been put forth by researchers as explanations for the low emotional arousal.
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at the beginning of the year, addison company's assets are $170,000 and its equity is $127,500. during the year, assets increase $80,000 and liabilities increase $56,000. what is the equity at year-end?
Assets increase $80,000 and liabilities increase $56,000. The equity at year-end is $151,500
What is Equity?
The sum of money that would remain in a company's shareholders' possession if all of its assets were sold and all of its liabilities were paid in full is known as equity, sometimes known as shareholders' equity or owners' equity for privately held enterprises. The worth of a company bought is calculated based on its sales less any liabilities that were not transferred with the sale of the company. Additionally, shareholder equity may be used to illustrate a company's book value. On rare occasions, equity may be given in return for money. It also represents the equitable ownership of a company's shares. Equity, which can be found on a company's balance sheet, is one of the data points that analysts use the most frequently to assess a company's financial health.
Main Content Assets = Liabilities + Equity
Beginning = $170,000 $42,500 $127500
Change = $80,000 $ 56,000 $24000
Ending = $250,000 $ 98,000 $151,500
Ending Equity = $151,500
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keisha can produce the following combinations of x and y: 100x and 20y, 50x and 30y, or 0x and 40y. the opportunity cost of one unit of y for keisha is
Keisha can produce the following combinations of x and y: 100x and 20y, 50x and 30y, or 0x and 40y. The opportunity cost of one unit of y for Keisha is 5 units of X.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what you're interested in, you give up the option of choosing another option.
What are Opportunity Costs and Instances?
Opportunity cost is the time you spend reading a book versus the money you could spend doing something else. The farmer decided to plant wheat. Occasional charges are for planting exceptional crops or trading sources (land and farm gadgets).
Why Opportunity Cost?
The idea behind opportunity cost is that as an owner of a trading company your resources are always limited. In short, not all opportunities are available due to limited time, money and information. Choosing one always forces you to give up the other.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what interests you, you give up the option of choosing another option.
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Salaries and wages expense should have been accrued on december 31st, but the entry was not made. The result of this oversight is that.
The result of this oversight is that obligations are underestimated.
Adjusting Journal is an accounting journal that is used to make adjustments to certain account balances or post transactions to match the actual situation in the process of preparing financial statements. Examples of adjusting entries for merchandise inventory and office supplies. Adjusting entries are used by trading, service, manufacturing and other entities.
The basic concept of adjusting entries is the basic accounting concept used as the basis for making adjusting entries.
Examples of transactions recorded in adjusting entries are:
Prepaid lease transactions,Prepaid insurance,Prepaid income,Depreciation of fixed assets,Bad debts,Bank reconciliationSupplies on handIncome SummaryAllowance for loss of receivablesMerchandise inventoryYou can learn more about Adjusting Journal here brainly.com/question/14895809
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In her job as a pharmacy technician, Imani measures precise doses of medication for patients. What type of skill is this?
A. technical
B. soft
C. collaborative
D. academic
Based on the fact that Imani needs to precisely measure doses of medication for patients, this type of skill is a A. Technical skill.
What is a technical skill?A technical skill refers to one that a person gets from having specialized knowledge in several types of specialized tasks and projects.
The skill to be able to measure precise doses of medication that Imani has is a specialized knowledge that helps her in the pharmaceutical industry which makes it a technical skill.
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the optimal capital strucutre is th emix of debt equity and preffered stock that maximizes the company's
An optimal capital structure is the best mix of debt, equity and preferred stock that maximizes a company's market value while minimizing its cost of capital.
Preferred stock is a component of equity that may exhibit any combination of characteristics not possessed by common stock, including characteristics of both equity and debt securities, and is generally considered a hybrid security.
What is preferred stock?
Preferred stock is a class of stock that shares characteristics of both stocks and bonds. Like bonds, preferred stocks offer higher dividend yields and less risk than common stocks, while often yielding cash payments at higher yields than bonds.
What is the difference between common stock and preferred stock?
The main difference between preferred stock and common stock is that preferred stock gives shareholders voting rights, while common stock gives no voting rights. Preferred shareholders have precedence over company interests. Preferred shareholders receive dividends in preference to common shareholders.
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t is november 1 of year 1. sales for frasier company for november and december of year 1 and january of year 2 are forecasted to be as follows: november, 400,000; december 600,000; january, 200,000 on average, cost of goods sold is 70% of sales. during this period, frasier company expects inventory levels to remain constant. this means that inventory purchases are expected to equal the amount of cost of goods sold. 40% of purchases are for cash. of the credit purchases, 5% are paid during the month of the purchase, 65% in the month following the purchase, and 30% in the second month following the purchase. sales for september and october of year 1 were 100,000 and 150,000, respectively.
b. $274,400
Calculation:
Credit sales = 60%
Cash sales = 40%
Particulars $
Cash Purchase ($200,000 x 70% x 40%) = 56,000
Credit Purchase
January month ($200,000 x 70% x 60% x 5%) = 4,200
December month ($600,000 x 70% x 60% x 65%) = 163,800
November month ($400,000 x 70% x 60% x 30%) = 50,400
Total Cash Payments for purchase in January of year 2 = 274,400
What are Credit Sales?Credit sales are transactions in which the debt will be paid in full at a later time. In other words, credit sales are transactions when the consumer does not pay in whole, in cash, at the time of the transaction.
Cash sales, credit sales, and advance payment sales are the three basic types of sales transactions. The timing of when cash is received is the only distinction between these sales transactions.
1. Sales made in cash: When a transaction is made and the customer receives their goods or services, cash is collected.
2. Credit sales: After the sale is made, the customer has a certain amount of time to pay the vendor.
3. Sales involving advance payments: Buyers pay the vendor in full before closing the deal.
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Maria is an industrial engineer at a nissan plant. Indicate how maria should change her production plans in response to each change in market conditions. A. An engine supplier decreases the price it charges nissan by 50%
As a result, Nissan's cost of production will decrease, and Nissan should increase its supply.
The professional engineer program is a higher education program after the undergraduate program to build engineering competence. After passing the engineer profession program, you are entitled to a professional engineer certificate and recorded by PII. Therefore, it should be noted that today's engineer degrees are no longer used by universities as academic degrees but rather as professional degrees.
To obtain a professional engineering degree, one must graduate from the engineering profession program. While the requirements to join the professional engineer program are:
Obtain a bachelor's degree in engineering or an applied bachelor's degree in engineering, both graduates from domestic universities and equivalent foreign universities; or
Bachelor of engineering education or Bachelor of Science equivalent to a Bachelor of Engineering or applied degree of engineering through an equivalency program.
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at u.s. sales corporation, all the people who are responsible for promoting the company's products work together. this group of people has similar skills and uses the same knowledge to get the job done. this group would be considered a(n) .
It is called an Organisation.
What is an Organisation?A group of people who work together to achieve a common goal is referred to as an organization. It is a social system that encompasses all formal human interactions. The organization includes employee work division and task alignment toward the company's ultimate goal.
It is also known as the second most important managerial function because it coordinates employee work, procures resources, and combines the two in order to achieve the company's goals.
Formal Organization Structure: The formal organization structure is the structure of jobs and positions with specific activities and relationships. It is created by management to achieve the company's goals.
Informal Organization Structure: An employee relationship based on personal attitudes, prejudices, and interests rather than procedures. It is a system of personal and social connection that does not require a formal organization to create.
Thus, the organization has a lot of different structures and types.
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determine the operating cash flow (ocf) for kleczka, llc., based on the following data. during the year the firm had sales of $2,500,000 , cost of goods sold totaled $1,800,000 , operating expenses totaled $300,000 , and depreciation expenses were $200,000 . the firm is in the 21% tax bracket.
Sales = 2,500,000 COGS = 1800 operating expenses = 300 tax= 140 net income =260
therefore, operating cash flow = 460
What is operating cash flow?Operating cash flow is an important benchmark to determine the financial success of a company's core business activities as it measures the amount of cash generated by a company's normal business operations.
What is a good operating cash flow ratio?A ratio less than 1 points short-term cash flow problems; a ratio more than 1 points good financial health, as it indicates cash flow more than is sufficient to meet the short-term financial obligations.
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Take notes during the car salesman interview. What should you be on the lookout for when buying a car? how should you prepare when you’re getting ready to buy a car?.
There are several things one should lookout while buying a car.
Some of the notes one take while the car salesman interview are the dimensions , ground clearance and mileage given per kilometre by the car.
The other things one should keep in mind is the safety gear information from the salesman interview, the maintenance it would need with its servicing and the insurance policies and warranty of free services.
One must also ensure the on road price and the showroom price in mind with the tax and the charges involved in it. What kind of fuel and emergency protocols should be prepared its also important.
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organizational behavior: improving performance and commitment in the workplace 7th edition pdf chapter 1
Organizational conduct is taking a look at of ways individuals and organizations interact with every other and with the enterprise. An effective organizational conduct method can assist management to inspire its employees to perform nicely. accomplishing collective dreams will become less complicated.
An expansion of factors has an impact on organizational behavior, which includes the employer's shape, policies, and techniques, control effectiveness, and interactions between colleagues. All of these elements can inspire personnel to work more difficult or contribute to disengagement.
An organizational behavior concept is a department of academics that has a look at that pursuits to determine how and why human beings act in certain ways inside exclusive kinds of expert companies.
Organizational behavior proposes that incentives are motivational elements that might be crucial for personnel to carry out well. Organizational behavior changes the way people make decisions. groups that can be able to encourage dangers in decision-making inside the agency tradition can beautify innovation and creativity.
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as a result of the decline in available flu vaccines, the equilibrium price should , and the equilibrium quantity should
As a result of the decline in available flu vaccines, the equilibrium price should increase, and the equilibrium quantity should decrease.
A decrease in supply will cause the equilibrium price to increase and the equilibrium quantity will decrease. So here, in this situation where there is a decline in available flu vaccines, so here the equilibrium price should increase, and the equilibrium quantity should decrease.
Whereas, an increase in supply, all other things unchanged, will cause the equilibrium price to fall and so the quantity demanded will increase. Thus, the increase in demand causes excess demand to develop at the initial price.
Hence, at equilibrium price, buying plans and selling plans agree and price does not change.
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health insurance covers well-being preventive care and medical treatment protects homes, land, and other possessions pays a portion of wages if an individual cannot work for a period of time due to illness or accident provides some financial support to beneficiaries when someone dies
Health insurance covers well-being preventive care and medical treatment. Thus, option A is correct.
What is insurance?Insurance may be defined as the part where the person by protection towards expected losses of financial losses that comes in the way. Insurance can be taken for automobiles, property, or health.
Health insurance is generally taken by a person with respect to their health or well-being. Health Insurance provides financial aid when in need of medical treatment.
With this method, if a person requires an emergency surgery he or she can go for medical insurance which will cover the amount for the surgery. Therefore option A is the correct option.
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The question is incomplete, the correct question will be
health insurance
covers well-being preventive care and medical treatment
protects homes, land, and other possessions pays a portion of wages if an individual cannot work for a period of time due to illness or accident
provides some financial support to beneficiaries when someone dies
explain why it is appropriate for optimus to value the electrobicycle project using its wacc. compare using the wacc to using solely the cost of equity in valuing the electrobicycle project.
Imagine that you are the owner of Optimus, Inc., a business with a capital structure that is comprised of 60% common stock and 40% debt. The cost of the debt is 4% after taxes.
After researching the Electrobicycle project, you come to the conclusion that the automaker that conducted the research and development (R&D) made a critical error. After the first five years, you think there will be prospects for global expansion as well as many more years of revenue and profit from selling electrocycles. Consequently, you wouldn't terminate the project in Year 5. Instead, you think that in Year 5, you will be able to sell the Electrobicycle company to a large corporation that will carry on manufacturing and exporting the goods for many more years. In Year 5, you anticipate selling the Electrobicycle company for at least $15.0 million. As a result, you think the Electrobicycle project has much more potential than the auto industry does.
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from the following list, select all the business practices that are both "green" or environmentally responsible and sustainable in terms of a business’s current and long-term success and the environment.
Business practices that are both "green" or environmentally responsible and sustainable in terms of a business’s current and long-term success and the environment are:-
-encouraging employees to telecommute
-using teleconferencing for meetings
-shifting to a shorter, four-day workweek
Green computing (additionally known as green IT or sustainable IT) is the design, manufacture, use, and disposal of computer systems, chips, other technology components and peripherals in a manner that limits the damaging effect on the environment, inclusive of decreasing carbon emissions and the electricity ate up by producers, facts centers.
For an instance, green computing recommends shutting down a laptop when it's no longer in use to reduce energy waste. Other simple practices consist of turning off your computer screen or even adjusting its energy settings to consume much less energy whilst nonetheless working are also green computing techniques.
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suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be
suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be the interest you cannot earn on your $10,000.
What is opportunity cost?
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
Therefore,
suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be the interest you cannot earn on your $10,000.
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a common rule of thumb for high technology products is that a six month delay in project execution can result in lost market share of what amount? multiple choice question. 10% 25% 33% 50%
A common rule of thumb for high technology products is that a six month delay in project execution can result in lost market share of 33%. Thus, the correct option is C). 33%.
What is the significance of the rule of thumb?A common rule of thumb in the world of high-tech product development depicts that a six-month project delay can result in a 33 per cent loss in product revenue share.
A rule of thumb is a basic guideline that provides the simplified rule set regarding a particular subject or course of action.
Basically, it is a general principle that provides the practical instructions for completing the tasks.
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until six months ago, alejandro's department had the highest productivity rate in the company. their work was almost flawless and it was always completed in a timely manner. recently, that has changed drastically and the department has started producing poor quality work. what would you suggest alejandro do to solve this problem?
Alejandro has to apply critical thinking to analyze what has changed in the last six months before working to address any problems.
What is the critical thinking?The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating data gleaned from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action, is known as critical thinking.
The capacity for factual analysis and opinion formation is known as critical thinking. It is a subset of emotional intelligence. When the occasion calls for it, a person with critical thinking abilities can think clearly and logically. They are able to make decisions and solve problems more effectively as a result.
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Stuart, a salesperson representing a buyer, is told that the buyer plans to operate a pet grooming business out of any house he buys. Stuart does tell the buyer to verify local zoning ordinances to determine in which parts of town such a business can be conducted. Which duty does stuart violate?
The answer is care. A salesperson must use his skills and knowledge to protect the client's interest in a purchase. In this case, the seller should notify the buyer to verify local zoning regulations that may prohibit the buyer from doing business from home. All salespeople and brokers owe this obligation and disclosure of material facts to consumers. An agent will owe obedience and loyalty to the principal.
Entrepreneur refers to someone who builds or runs their own business. By owning shares in the company, the entrepreneur can enjoy many advantages if all goes well; but they also take a lot of risks—far more than the average employee in the business.
This entrepreneurial risk can take several forms, including financial risk, career risk, emotional risk, or overall business risk. Because there is so much at stake in starting and growing a successful business, there are very specific skills that an entrepreneur usually needs to be successful.
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you have discovered that an employee has been conducting illegal activities using his workplace computer. you have taken possession of the employee's laptop according to your company's procedures and are waiting to give it to law enforcement authorities. what should you do when turning over the laptop to the police? maintain the chain of custody quarantine the system document the changes preserve the evidence see all questions back next question
Maintain the chain of custody while you turning over the laptop to the police.
In crook regulation, someone is in custody while–after being arrested or convicted of a criminal offense–they're held in jail or prison. Such humans are under country manage till they may be acquitted of their alleged crime or the belief in their jail sentence. An example of custody is a determine having complete rights to his child after a divorce. An example of custody is a robber being held by way of the police.
Care and Custody method the prison authority of a determine or mum or dad to supervise or otherwise be liable for a minor, or the specific authority given from such determine or criminal mother or father of a minor to a responsible grownup to oversee or in any other case be chargeable for the sports and care of the minor.
A person is stored in police custody after he's arrested on the premise of an FIR or suspicion. A person is kept in judicial custody after the public prosecutor makes the court accept as true with that such custody is essential for in addition research. Police Custody manner that police has the bodily custody of the accused at the same time as Judicial Custody way an accused is inside the custody of the involved magistrate.
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social media data may be considered a form of secondary data, since it is information that does not originate as a result of a marketing research project.
social media data may be considered a form of secondary data. Since it is information that does not originate as a result of a marketing research project.
Why can we consider social media data a form of secondary data?There are many different categories of data that may be used in data analytics. For instance, the contrast between qualitative and quantitative data is frequently used. You might also separate your data depending on aspects like sensitivity.
For instance, is it widely known or is it really private?
The source of the data is perhaps the most basic distinction between various forms of data. Are they, specifically, first-party, second-party, or third-party data? These essential data sources all contribute in some manner to the data analytics procedure.
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consider an incumbent that is a monopoly currently earning $1 million annually. given the declining costs of raw materials, the incumbent believes a new firm may enter the market. if successful, a new entrant would reduce the incumbent's profits to $750,000 annually. to keep potential entrants out of the market, the incumbent lowers its price to the point where it is earning $850,000 annually for the indefinite future. if the interest rate is 5 percent, does it make sense for the incumbent to limit price to prevent entry? multiple choice it does not make sense since $2 million is greater than $150,000. it does make sense since $2 million is greater than $150,000. it does make sense since $150,000 is greater than $5 million. it does not make sense since $5 million is greater than $100,000.
Yes, it makes sense for the incumbent which is a monopoly if the interest rate is 5%. Since, $2million > $250000.
Annual earning = $850,000
Profit reduced by new entrants = $750,000
rate of interest = 5%
$850,000- $750,000 = $100000
$100000/0.05 = $200,000
$200,000> ($100000-$750,000 =$250,000)
A monopoly is a market structure in which a single seller or producer dominates an industry or sector. Monopolies are frowned upon in free-market economies because they stifle competition and limit consumer substitutes. Companies become monopolies by controlling the entire supply chain, from production to sales, through vertical integration, or by purchasing competing companies in the market, becoming the sole producer, through horizontal integration.
Monopolies can set prices and keep pricing consistent and reliable for consumers in the absence of competition. Monopolies benefit from economies of scale, allowing them to produce large quantities at lower per-unit costs. Standing alone as a monopoly allows a company to invest in innovation with confidence and without fear of competition.
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Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of.
Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of greenwashing.
Green PR and green marketing are deceptively utilized to convince the public that an organization's products, objectives, and policies are environmentally beneficial. This practice is known as "greenwashing," sometimes known as "green shine." Companies that purposefully engage in greenwashing communication tactics frequently do so to separate themselves from their own or their suppliers' environmental transgressions.
Greenwashing detractors contend that the development of the tactic, coupled with ineffectual regulation, contributes to consumer mistrust of all green claims and lessens the ability of consumers to influence businesses toward more environmentally friendly production methods and business practices.
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Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of greenwashing.
What is greenwashing.?Greenwashing is when a company or firms says or project that their products or goods are environmentally friendly, that their products are not causing any harm to the environment just so that they get a positive impression of their company being eco friendly. But actually these claims that companies make are false and they themselves are guilty of this. And they make zero to no efforts in improving the environment
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a software package developed to handle information requirements for a specific type of business is called a(n) .
'A software package developed to handle information requirements for a specific type of business is called horizontal application.
A software package is a collection of files and information about those files. Linux distributions are typically installed as separate software packages, each representing a specific application. B. A web browser or development environment.
A package is a collection of files and directories required by a software product, typically designed and created by an application developer after the application code has been developed.
Packaged software is developed by computer engineers. This is a compilation of programs grouped together to publicly offer various tools within the same group. Even if necessary, it cannot be modified or changed.
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suppose that the market for labor is initially in equilibrium. an increase in immigration will cause the equilibrium wage
Suppose that the market for labor is initially in equilibrium. An increase in immigration will cause the equilibrium wage to will fall, and the equilibrium quantity of labor will rise.
someone should sponsor you or file an immigrant petition for you. Wait until the petition is accepted and there's a visa to be had in your class. Then observe for an inexperienced Card from in the U.S. you may nonetheless need to get a scientific exam, visit an interview, and watch for a selection for your utility.
Immigration regulation refers back to the national statutes, rules, and legal precedents governing immigration into and deportation from a rustic. Strictly talking, it's far distinct from different matters which include . Naturalization and citizenship, although they may be on occasion conflated.
Immigration is the procedure of transferring to a new us of a location with the intention of staying and living there. human beings may also select to immigrate for a selection of motives, such as employment possibilities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family.
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at the beginning of each workday in the medical office, the receptionist is generally responsible for:
At the beginning of each workday in the medical office, the receptionist is generally responsible for disengaging the alarm system.
What is receptionist?
An individual who works in an office or administrative support role is a receptionist. The task is typically done in a waiting room, like a lobby or front desk of a company or institution. A person who works for an organisation who is responsible for greeting clients, patients, and visitors as well as taking phone calls is known as a receptionist. A receptionist's tasks may also include room reservations and assignment, visitor registration, cashier work, credit checks, key control, and mail and message service. This administrative department is referred to as the front desk in many hotels. Front desk clerks are another name for these receptionists. To help the businesses they work for, receptionists perform a variety of activities, such as scheduling appointments, filing, keeping records, and other office duties.
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Choose the answer. Anna, a corporate trainer, is planning to teach a class to a group of executives. Her boss offers her the advice, "Know your audience." How should Anna interpret this statement?
Talking to a group of executives is different than talking to your peers.
She should do background research on every person in the room before teaching.
She should spend most of the class time on small talk to really make connections.
Executives probably don't want to hear anyone teach them something.
As regards the fact that Anna is to teach a class of executives, the advice by her boss to "Know your audience" means that Talking to a group of executives is different than talking to your peers.
What does it mean to "Know your audience"?When we are advised to know our audience, this usually means that we should understand that we need to talk to our audience in a certain way based on their rank, qualifications, and knowledge.
In this case therefore, Anna's boss wants to make her aware that she should remember that executives are not her peers and so she should talk to them in a different manner.
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You own a lawn care business. you have employees who work long hours laboring often exceeding 40 hours per week. they also would short hours when the weather is bad, sometimes they can't work at all. you do all of the sales for your business. which two types of compensation would be appropriate for these landscape employees?
The two types of compensation would be appropriate for these landscape employees are Commission and Salary.
What is your definition of compensation?The term compensation is known to be a form of monetary payment that is known to be given to any person in exchange for any kind of services.
Note that in the workplace, compensation is one that can be earned by employees as well as salary or wages and therefore, The two types of compensation would be appropriate for these landscape employees are Commission and Salary.
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Commission
Equity
Hourly
Salary
Piece work
A celling (maximum )price.....
Answer: Price ceiling (maximum price) – the highest possible price that producers are allowed to charge consumers for the good/service produced/provided set by the government. It must be set below the equilibrium price to have any effect.
Explanation:
in the planning process, what is the role of strategic goals and plans? links strategy and operations sets company direction sets purpose of business guides day-to-day activities
Correct option is B. In the planning process, what is the role of strategic goals and plans is sets company direction.
What is the strategic planning process?
Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the company attain its stated vision.
Though it can run longer, strategic planning generally reflects mid- to long-term objectives with a life period of three to five years. This is distinct from business planning, which usually focuses on immediate, tactical objectives, including how a budget is allocated. A business plan may encompass a period of time that lasts from a few months to several years.
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