Principles of Management CLEP Practice Exam 2026 – Your Comprehensive All-in-One Guide to Exam Success!

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What is the main function of an operating plan?

To outline strategic objectives for the organization

To provide detailed implementation guidance based on strategy

The primary function of an operating plan is to provide detailed implementation guidance based on the organization's broader strategic objectives. It translates these high-level strategies into actionable steps that departments or teams need to follow in order to achieve specific goals over a certain period, typically a year.

An operating plan includes the specific resources required, timelines, assigned responsibilities, and expected outcomes. This allows an organization to have a clear roadmap for executing its strategy, ensuring that all members know their roles and the actions necessary for success. By focusing on the practical aspects of how to achieve strategic goals, the operating plan serves as a critical tool for managing day-to-day operations efficiently and effectively.

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To assess the market competition

To evaluate employee performance metrics

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