Business Planning That Focuses on the Next Year and Includes

question 55

Multiple Choice

Business planning that focuses on the next year and includes detailed revenue targets, profit objectives and compensation systems is called:

• A)strategic planning.
• B)operational planning.
• C)budgeting.
• D)forecasting.
• E)this level of detail is included in all of the business planning levels.

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Definitions:

Contingencies

Possible events or conditions that can occur in the future, often requiring planning or preparation.

Management Style

The approach and methods that a manager employs in handling and directing a team or organization.

Contingent

Dependent on or conditioned by something else; outcomes that are not guaranteed but are possible under certain conditions.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often used as a measure of organizational stability or satisfaction.