7. What is a program? a. A statement of expected results expressed in financial terms b. A collection of activities that need to be carried out to achieve a desired outcome Something that the organization wants to achieve d. None of the above C. 8. What is a budget? a. Something that the organization wants to achieve. b. Soliciting funds for the organization. A statement of expected results expresses in financial terms. d. Collection of activities that need to be carried out to achieve a desired outcome. 9. What are the components of the planning cycle? a. Reviewing progress, establishing objectives, planning the strategy and implementing strategy. b. Establishing objectives, planning strategy, implementing strategy, reviewing progress and deciding tactic c. Establishing objectives, planning the strategy, deciding tactics, implementing the strategy and reviewing progress. d. Deciding tactics, establishing objectives, planning strategy, implementing strategy and reviewing progress t 10. What are the main steps in planning? a. Define the mission, set the objectives, assess the internal environment, assess the 'external environment, identify the strategic option, carry out corporate analysis, design strategies, specify tactics, operations and standard: set budgets b. Define the mission, assess the internal environment assess the 'external environment, set the objectives identify the strategic option, carry out corporate analysis, design strategies, specify tactics, operations and standard: set budgets c. Define the mission, set the objectives, assess the internal environment, assess the 'external environment, carry out corporate analysis, identify the strategic option: design strategies, specify tactics, operations and standard: set budgets d. None of the above 11. What is a planning horizon? a. The length of time between making a planning decision and implementing that decision. b. The length of time between making planning decision and receiving feedbacks C. The start of a planning decision d. All the above 12. How does strategic planning differ from routine planning? a. Strategic planning is the managerial process of developing and maintaining a strategic fit between the organization's objectives and resources and its changing market opportunities. Planning that is not