Strategic Planning

question 2

Multiple Choice

Strategic planning:

• A) does not provide a workable solution and does not meet the stated objectives.
• B) is long-range planning to set organizational goals, objectives, and policies to determine strategies, tactics, and programs for achieving them.
• C) cannot be adapted to a change in the situation.
• D) is a one-time plan developed for a single occasion or purpose.
• E) Both a and c

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Definitions:

T-bond Futures

Futures contracts that obligate the buyer to purchase Treasury bonds at a specified price at a future date.

Initial Margin

The minimum amount of funds required to be deposited in a margin account before trading on leverage to ensure that the account can cover potential losses.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account to cover potential losses.

T-bill Rate

The yield or interest rate on Treasury bills, which are short-term debt securities issued by the U.S. government.