Which of the Following Is a Planning Device as Well

question 16

Multiple Choice

Which of the following is a planning device as well as a strategy for organizational control?

• A) policy
• B) procedure
• C) program
• D) budget
• E) rule

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Definitions:

Life Tenant

An individual who has the right to use and benefit from property during their lifetime, after which the property passes to another designated party.

Reduce Its Value

An action or event that decreases the worth of something, affecting its marketability or usefulness.

Future Interest

An interest in real or personal property that will begin at a future date through a legal arrangement, such as a will or trust.

Earnest Money

A deposit made by a buyer to demonstrate commitment to a purchase agreement, often used in real estate transactions.