A Standing Plan Is ________

question 103

Multiple Choice

A standing plan is ________.

• A) an ongoing plan that provides guidance for activities performed repeatedly
• B) a plan that stands in place of a preferred plan in case of the failure of the latter
• C) a one-time plan specifically designed to meet the needs of a unique situation
• D) a flexible plan that sets out general guidelines for company strategy

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Definitions:

Preemption Doctrine

The principle that federal law can supersede or override state law in areas expressly reserved for federal regulation or where there is a conflict.

Sales Tax

A tax imposed by governments on sales transactions, typically calculated as a percentage of the sale price of goods and services.

Internet Transactions

Commercial operations carried out online, including buying, selling, and the exchange of services or information.

Congress

The law-making division of the United States federal government, which includes the Senate and the House of Representatives.