It starts with identification of major suggestions and objectives derived from organization’s vision and Mission. True false False true Single Tactical plans targets goals and objectives within less than 3 years. True true False false Single Statement of Strategy is deemed as a valuable document to have by some organizations. True true False false Single Vision is a collective aspiration, while mission is its intention in pursuit of its purpose. True true False false Single Strategic plans are specific and final. True false False true Single Tactical plans are responsibility of lower-level managers. True false False true Single Revenue, expenses and profits are planned and included in the budget. True true False false Single Forecast is based on assumptions reflecting the conditions it expects to exists. True true False false Single Projection is a more precise assumption based on responsible party’s knowledge and belief. True false False true Single Financial projection is always prepared to present one or more hypothetical courses of action for evaluation. True false False true Single