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4. What is a Strategic Plan (2 pts) and how is it different to an Operational (2 pts) or Tactical Plan? (2 pts ) 5.

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4. What is a Strategic Plan (2 pts) and how is it different to an Operational (2 pts) or Tactical Plan? (2 pts ) 5. In business what is meant by Political-Legal Environment? (2 pts) Give an example of a business that may have benefitted from a favourable political-legal environment. (2 pts) 6. What is a contingency plan? Explain. (2 points) 7. Why is it important for companies to have a written code of ethics? Explain. (2 pts)

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