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:

Direct Method

A way of preparing the cash flow statement in which actual cash receipts and payments are reported, rather than adjusting net income for changes in non-cash accounts.

Net Cash Flow

The amount of cash generated or lost over a period, taking into account cash inflows from operations, investments, and financing.

Operating Activities

Transactions and events that relate to the primary operations of the business, such as sales and purchase of goods and services.

Accounts Receivable

Unpaid customer dues to an enterprise for availed services or acquired goods.