Which of the Following Is the Essential Element in Planning

question 12

Multiple Choice

Which of the following is the essential element in planning an international promotional campaign?

• A) Planning with clearly defined, measurable objectives
• B) Long term exceptional lines of focus
• C) Pre-eminent forecasting
• D) Checks and balances in the accounting ledger

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change.

Machine Hours

A measure of production time, calculated by the total hours machines are in operation over a set period.

Under-Applied Overhead

A situation where the allocated overhead costs are less than the actual overhead incurred.

Over-Applied Overhead

A situation in cost accounting where the allocated overhead for a period exceeds the actual overhead costs incurred.