Which of the Following Is True of Framing Long-Term Plans

question 56

Multiple Choice

Which of the following is true of framing long-term plans?

• A) They do not require scheduled meetings and training sessions.
• B) They save time by eliminating checkpoints.
• C) They are not suited for meeting commitments and deadlines.
• D) They provide the basis for shorter time frame plans.
• E) They do not allow for the revision of strategies once in process.

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Definitions:

Interest Rate

The portion of a loan accumulating interest for the borrower, usually articulated as an annual percentage of the unpaid loan balance.

Income

The financial compensation gained from selling goods or services, or through other means such as rental income or investments.

Utility Function

An economic concept representing a user's satisfaction levels with varying consumption of goods or services, ranked from less to more preferred.

Interest Rate

The slice of a loan that generates interest charges for the borrower, often cited as an annual percentage of the yet-to-be-paid loan amount.