Which of the Following Statements Is True of Tactical Plans

question 77

Multiple Choice

Which of the following statements is true of tactical plans?

• A)They are developed by the highest managers of a firm.
• B)They establish the long-range objectives of a firm.
• C)They allow a firm to react to changes in the environment.
• D)They specify what actions each individual needs to accomplish in a firm.
• E)They help establish strategic plans.

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of a taxpayer’s income is taxed, indicating the proportion of additional income that is paid in taxes.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation.

Regressive Tax

A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.

Sales Tax

A tax on the value of goods sold.