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Asked by Elizabeth Steinke on May 27, 2024

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The initial planning/control cycle begins when top management establishes strategic plans.

Planning/Control Cycle

A continuous process in organizations that involves planning for future activities, executing plans, monitoring results, and making adjustments as necessary.

Strategic Plans

Comprehensive documents outlining an organization's goals and the strategies to achieve them over a specific period.

Top Management

The highest level of management in an organization, including positions like CEO, CFO, and other senior executives responsible for strategic decision-making.

  • Distinguish between strategic, intermediate, and operational planning.
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Keili FullingtonJun 03, 2024
Final Answer :
True
Explanation :
The initial planning/control cycle typically begins with the establishment of strategic plans by top management. This helps to establish the direction and overarching goals for the organization, which can then be translated into more specific objectives and plans for each department or unit within the organization. Once plans are in place, the control process can be used to monitor progress, identify deviations from the plan, and take corrective action as needed.

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