Setting Incremental Goals That Can Be Achieved in a Year

question 173

Multiple Choice

Setting incremental goals that can be achieved in a year or less is a process called ____ planning.

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

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Definitions:

Demands for Payment

Requests or invoices issued by creditors or suppliers for the settlement of outstanding debts.

Miller-Orr Model

A financial model used to manage cash flows and determine the optimal cash balance levels for a company, focusing on cost minimization.

Lower Limit

The minimum value in a range of acceptable or possible values, often used in statistics and quality control.

Target Cash Balance

The ideal amount of cash that a company aims to maintain in order to manage daily financial operations and contingencies effectively.