Which Type of Planning Has the Most Long-Range View

question 19

Multiple Choice

Which type of planning has the most long-range view?

• A) strategic
• B) tactical
• C) operational
• D) contingency

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Definitions:

Variable Overhead

Costs that fluctuate with production volume, such as utilities or indirect materials, which are not directly tied to any single product.

Direct Materials

Basic substances that can be directly linked to the manufacture of particular products or services.

Direct Labor-Hours

A measure of the amount of time workers spend on a particular job or production process, used to assign labor costs to units of output.

Variable Overhead

Generic term for the costs of production that fluctuate with the level of output, including expenses like utilities or raw materials.