Which of the Following Is the Purpose of Operational Plans

question 41

Multiple Choice

Which of the following is the purpose of operational plans?

• A) They focus on the broad future of the organization.
• B) They translate tactical plans into specific goals/actions for small organizational units.
• C) They underscore the interdependence of tactical and strategic plans.
• D) They align tactical planning with the overall strategic direction of the company.

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Definitions:

Adjusting Entries

Bookkeeping records completed at the conclusion of a financial period to apportion revenues and expenses to the timeframe in which they truly happened.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including income statement, balance sheet, and cash flow statement.

Cash Basis

An accounting method where revenue and expenses are recognized only when cash is received or paid.

Revenues

The total amount of money received by a company from its business activities, such as sales of products or services, before any deductions.