Top Management Is Responsible for Developing Long-Term____________ That Make Clear

question 12

Multiple Choice

Top management is responsible for developing long-term____________ that make clear how the company will serve customers and position itself against competitors in the next two to five years.

• A) standing plans
• B) tactical plans
• C) operational plans
• D) strategic plans
• E) mission statements

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Definitions:

Separate Office Staff

The action or policy of maintaining distinct administrative or clerical staff for different departments or functions.

Decentralization

The transfer of control and decision-making from a centralized entity to local or individual authorities.

Advantage

A condition or circumstance that puts a company or situation in a favorable or superior position compared to competitors.

Transfer Price

The price at which divisions of a company transact with each other, such as the exchange of supplies or labor between departments.