An Operational Plan Is Necessary to Determine What the Firm

question 14

Essay

An operational plan is necessary to determine what the firm wants to be at some future point in time.What does an operational plan consist of?

Comprehend the mechanisms for linking the actions of organizational subunits into a consistent pattern.

Understand the concept of consideration in contract law and its role as a requirement for legally enforceable contracts.

Recognize the application and requirements of promissory estoppel within contract law.

Identify the factors influencing the sufficiency of consideration in contracts.

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Definitions:

Stripped Treasuries

U.S. Treasury securities that have separated their interest and principal payments into two distinct securities, allowing investors to receive either a lump sum at maturity or periodic interest payments.

Treasury Securities

Debt instruments issued by the government to finance its expenditures, considered low-risk investments.

On the Run

Refers to the most recently issued (and therefore typically the most liquid) government bonds or securities.

Forward Rate

An agreed-upon rate for a financial transaction that will occur at a future date.