(CMA) Wong Company Utilizes Both Strategic Planning and Operational Budgeting

question 54

Multiple Choice

(CMA) Wong Company utilizes both strategic planning and operational budgeting. Which one of the following items would normally be considered in a strategic plan?

• A) Setting a target of 12 percent return on sales
• B) Maintaining the image of the company as the industry leader
• C) Setting a market price per share of stock outstanding
• D) Distributing monthly reports for departmental variance analysis

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Definitions:

Hearing Capability

The ability or capacity to perceive sounds by detecting vibrations through an organ such as the ear.

Newborns

Infants who are in the initial period after birth, typically considered the first few weeks of life, characterized by rapid growth and development.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, spanning from birth to about 2 years, where infants learn through interacting with the environment using their senses and motor actions.

Ethnic Diversity

The inclusion or representation of individuals from a variety of cultural, national, racial, and religious backgrounds within a community or organization.