Operational Planning

question 66

Multiple Choice

Operational planning:

• A) should be used to establish the fundamental strategies of the organization.
• B) is used to determine departmental rules and procedures.
• C) is the primary responsibility of the top management.
• D) should be completed at the same time the total budget is prepared.

Recognize the importance of wearing personal protective equipment (PPE) while using tools.

Demonstrate knowledge of the correct selection of tools for specific tasks in mechanical repairs.

Understand the properties and significance of different grades of fasteners and their applications.

Identify and utilize the correct types of tools and drives for mechanical assembly and disassembly.

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Definitions:

Duty of Loyalty

A legal and ethical obligation requiring individuals, particularly directors and officers of a corporation, to act in the best interests of the corporation and its shareholders.

Nature of Agency

Refers to the relationship established when one party, the agent, is authorized to act on behalf of another, the principal, in dealing with third parties.

Agency Coupled

A legal arrangement where an agent has an irrevocable authority primarily for the agent's benefit, based on an interest in the subject matter of the agency.

Liable

Legally responsible or obligated to provide compensation for harm, loss, or damage caused.