Managers Use a Variety of Planning Approaches in Order to Establish

question 42

Essay

Managers use a variety of planning approaches in order to establish and achieve measurable goals. Two such approaches are single-use plans and standing plans. Write a short essay in which you define, compare, and contrast these two planning approaches. Explain how they relate to an organization's programs, projects, policies, rules, and procedures.

Understand the accounting for investments in bonds and the impact of purchasing bonds at par, discount, or premium.

Analyze the financial statement impacts of changes in the fair value of investments.

Understand the consolidation process for investments in subsidiaries and the calculation of goodwill.

Understand the role and attributes of public administrators in the context of new public service.

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Definitions:

Present Value

The current value of future cash flows or a lump sum of money, determined by a certain rate of return.

Delaying Resource Extraction

The practice of postponing the extraction of natural resources to preserve them for future use, often for sustainability reasons.

Profit-Maximizing

The process of adjusting production and operations to achieve the highest possible profit based on current market conditions and cost structures.

Market Failure

Occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.