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1. What is a typical outcome of a strategic planning session?
Business outcomes and prioritized projects.
Earned Value reports and variance analysis.
2. Which business process should be creating the long-range plan for how the business will achieve and maintain competitive advantage?
The annual budgeting process.
The competitive benchmarking process.
The strategic planning process.
3. How is the annual budget related to the business strategic plan?
The annual budget is used as the foundation of the strategic plan.
The annual budget is the strategic plan.
The budget is the next year’s increment of implementing the plan.
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