Plans That Apply to the Entire Organization, Establish the Organization's

question 49

Multiple Choice

Plans that apply to the entire organization, establish the organization's overall objectives, and seek to position the organization in terms of its environment are called ___________ plans.

• A)strategic
• B)tactical
• C)single- use
• D)operational

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Definitions:

Machinery and Equipment

Physical assets used in a business operation to produce goods or services, not including buildings or property.

Assessed Tax Valuation

The valuation placed on property by a public tax assessor for the purposes of taxation.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

Distribution Center

A warehouse or specialized facility where goods are stored, managed, and then distributed to retailers or directly to customers.