_____ Refers to Specific, Shorter-Term Planning That Applies Strategic Plans

question 34

Multiple Choice

_____ refers to specific, shorter-term planning that applies strategic plans to specific functional areas.

• A)Contingency planning
• B)Operational planning
• C)Tactical planning
• D)Strategic planning

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Definitions:

Unearned Rent

Income received by a landlord for rent that has not yet been earned because the rental period has not occurred.

Account Group

A classification system for organizing accounts in the accounting records, often used to group similar types of transactions or financial statement elements.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain period.

Account Group

A classification system used in accounting to organize financial transactions, ledgers, or accounts based on similar characteristics.