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Indicate whether the statement is true or false

Management Dec 24, 2020

Indicate whether the statement is true or false.

Business-level managers typically are not involved in developing operational plans.

Expert Solution

The above statement is false.

Business-level managers are involved in the development of operational plans. Therefore, since business-level managers are in charge of managing organizational finances, they are present when developing an operational plan to budget for the resources required to deliver business objectives. An operational plan is a document that entails business strategies and tasks to be accomplished. The main purpose why most businesses and entities develop an operational plan is to minimize production costs and adopt strategies that will contribute to the business's growth. Innovations, profitability, productivity, and organizational goals are the key areas that are evaluated when developing an operational plan.

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