Question : Which type of plan specifies the organization's overall goals and the means to achieve them?
Option 1: Tactical plan
Option 2: Operational plan
Option 3: Strategic plan
Option 4: Contingency plan
Correct Answer: Strategic plan
Solution : The correct answer is (c) Strategic plan.
A strategic plan is a type of plan that defines the organization's long-term objectives, goals, and strategies to achieve them. It sets the direction and vision for the organization and outlines the action steps and resource allocation required to reach those goals. A strategic plan typically covers a longer time frame, often spanning multiple years, and provides a roadmap for the organization's growth, development, and success.