The Difference between Long$-$term planning and strategic Planning is that:

A$)$ Long$-$Term planning & Strategic planning are the same

B$)$ Long$-$term planning is used for municipal bodies whereas strategic Planning is used by the private sector.

C$)$ Long$-$term planning begins with the present & plans a path to meet Future needs. Whereas strategic planning envisions a desired future and translates that into yoals & objectives to achieve that vision.

D$)$ Strategic planning has a shorter tome Frame, typically $1-3$ years While long$-$term planning is always for $5$ years & beyond.

When Jack opens a branch office of Jackson Realtors across town:

A$)$ Jack can Supervise both offices as broker solong as he is availabie by phone for emergencies

B$)$ Jack must name a Supervising broker for one office and must notify the NJREC immediately of that broker's name.

C$)$ Jack may appoint as Supervisor a License Saksperson with at Least $3$ years full time experrince as the branch office is in the same town.

D$)$ Jack must appoint a superwising broker of the branch office Within $60$ days of the office's opening.

A Form of business ownership where its sole owner could incur persunal liability for the business dubts is calleda:

A$)$ LLC

B$)$ Partnership

C$)$ Proprictorship

$($D$)$ Subchapter S Corporation