Which Type of Plan Is Used to Meet a Particular

question 83

Multiple Choice

Which type of plan is used to meet a particular or unique situation?

• A)tactical plan
• B)standing plan
• C)operational plan
• D)single- use plan

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Definitions:

National Retail Chain

A series of retail stores operating under the same brand and management across multiple locations nationwide.

Counteroffer

A response to an offer in a negotiation that changes the terms in an attempt to reach a mutually agreeable contract.

Offer

A proposal by one party to another to enter into a contract, typically specifying terms and conditions.

Business Entity Assumption

A concept of accounting that limits the economic data in the accounting system to data related directly to the activities of the business.