Which of the Following Plans Is a Statement of Long-Range

question 17

Multiple Choice

Which of the following plans is a statement of long-range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance, and cash flow statement?

• A) Strategic
• B) Business
• C) Sales and operations
• D) Budget

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Definitions:

Before-Tax Total Income

The total income earned by an individual or a business before any taxes are deducted.

Poorest 20 Percent

The segment of a population that ranks at the bottom fifth in terms of income.

Income Mobility

The ability of individuals or families to move up or down the economic ladder within a society over time.

Economic Status

An individual's or area's financial condition and stability, often measured by income, employment, and wealth indicators.