Standing Plans Are Ongoing Plans That Provide ________

question 131

Multiple Choice

Standing plans are ongoing plans that provide ________.

• A) stakeholders with identifiable goals that the organization will always strive to achieve
• B) general directions on how to accomplish an identifiable task
• C) the stockholders with identifiable goals that the organization will always strive to achieve
• D) guidance for activities performed repeatedly

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Definitions:

Financial Values

Refers to the monetary, material, or assessed worth of an asset, investment, or company.

Payback

The period of time needed for an investment to generate cash flow sufficient to recover the initial expense incurred.

Simplicity

The quality of being easily understood or performed; favoring clear, uncluttered methods and procedures.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.