"Operational Planning" Is Best Defined as the Process of

question 25

Multiple Choice

"Operational planning" is best defined as the process of

• A) creating long-term goals for the organization or company as a whole.
• B) developing objectives that specify how each department will support organizational goals.
• C) planning what to do if the original plans or objectives set by an organization do not work out.
• D) accurately linking operational planning with financial planning.

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Definitions:

Downstream Transfer

Transactions where a parent company sells or transfers assets to its subsidiary.

Straight-Line Method

An accounting method of depreciation where the value of a fixed asset is reduced uniformly over its useful life.

Consolidated Financial Statement

Financial statements that aggregate the financial position and operational results of a parent company and its subsidiaries.

Gross Profit

The financial result obtained after deducting the cost of goods sold from total sales revenue.