Examlex
Write the word or phrase that best completes each statement or answers the question.
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Strategic Objectives
Long-term goals that an organization aims to achieve to implement its strategy and fulfill its mission.
Discretionary Fixed Costs
Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.
Committed Fixed Costs
Investments in facilities, equipment, and basic organizational structure that can’t be significantly reduced even for short periods of time without making fundamental changes.
Flexible Resources
Assets, such as labor or equipment, that can be adjusted or redirected in response to changing production or operational requirements.
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