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Downward drift is BEST reflected in which statement?
Strategic Planning
A process by which organizations define their strategy or direction and make decisions on allocating their resources to pursue this strategy.
Operational Planning
The process of planning short-term actions and resources towards achieving medium-term objectives and strategies.
Budgeting
The process of creating a plan to spend your money, outlining projected income and expenses over a period.
Dividend Payout Ratio
The fraction of net earnings a firm pays to its shareholders as dividends, usually expressed as a percentage.
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