The Plan of Action That Describes Resource Allocation and Activities

question 123

Multiple Choice

The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization's goals is known as a(n) :

• A) goal.
• B) objective.
• C) mission.
• D) vision.
• E) strategy.

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Definitions:

Estate

All of the money and property owned by a particular person, especially at death.

Equitable Estoppel

A legal principle preventing a party from asserting a claim or right which contradicts what they previously said or agreed to by their actions.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.