Process of Envisioning the Organization's Future and Developing the Necessary

question 172

Multiple Choice

Process of envisioning the organization's future and developing the necessary procedures and operations to achieve that future is called:

• A) Foregoing planning
• B) Strategic planning
• C) Operational planning
• D) Organizational planning

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Definitions:

S Corporation

A special designation that allows corporations to pass income, losses, deductions, and credits through to their shareholders for federal tax purposes.

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

Limited Liability Companies

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Wyoming

A state in the western United States known for its wide-open spaces, mountains, and natural beauty, as well as being the least populous state.