E-Biz Dreams (Scenario) Raja Has Just Completed a Master of Science Degree in Science

question 138

Multiple Choice

E-Biz Dreams (Scenario)
Raja has just completed a Master of Science degree in computer science at Major University. He now wants to begin a new internet business selling his services as a website maker for companies in his home city. He estimates that, if his business idea is a success, within one year he will be employing at a minimum 10 programmers and 2 analysts.
-To provide the programmers and analysts general guidelines about the efficiencies that are desired, Raja will have to develop what type of plan?

• A) Directional
• B) Operational
• C) Specific
• D) Strategic

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Definitions:

Leaning on the Trade

A strategy used by traders to manipulate prices by taking positions that influence other traders to move a market in a desired direction.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment timelines and interest rates.

Prompt Payment Discount

A discount offered by sellers to buyers for paying their bills promptly, usually defined as within a specified number of days.

Borrowing Rate

The interest rate or cost that a borrower pays to a lender to borrow money.