Once the Decision Is Made to Prepare a Business Plan

question 97

True/False

Once the decision is made to prepare a business plan, it should always be a comprehensive plan.

---

Definitions:

Production Department

A specific section within a manufacturing business that is responsible for the transformation of raw materials into finished products.

Organizational Unit

A subdivision within a company or organization designated by a defined business function or responsibility.

Process Costing

A method of costing used where identical products are produced, allocating average costs for each unit.

Repetitive Production

A method of production where the same products are manufactured over and over again in a continuous flow.