In Informal Planning, the Organization's Objectives Are Written Down and Communicated

question 66

True/False

In informal planning, the organization's objectives are written down and communicated to employees.

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Definitions:

Variable Cost Per Unit

The cost that varies directly with the level of production or sales volume; it increases as production increases and decreases as production decreases.

Selling Price Per Unit

The amount of money charged for each unit of a product or service.

Target Profit

The amount of profit that a company aims to make in a certain period.

Annual Fixed Expenses

Expenses that do not change in total over a period of one year, regardless of the level of activity within a business.