What Type of Planning Is Conducted at the Highest Levels

question 78

Multiple Choice

What type of planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of a company?

• A) market
• B) tactical
• C) single-use
• D) strategic
• E) personnel

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Definitions:

Overhead Costs

Expenses that are not directly tied to production activities, such as rent, utilities, and administrative expenses.

Batch-level Activities

Operations carried out on groups or batches of units rather than on individual units, often incurring costs that are common to the batch rather than to a single unit.

Batch-level Activity Cost

Costs associated with activities that are related to a batch of products rather than each individual unit, such as the cost of setting up machinery for each batch.

Departmental Overhead Rates

The method for allocating overhead costs to specific departments based on departmental activities and cost drivers.