When Organizations Need the Help of Specific Actions, People, And/or

question 29

Multiple Choice

When organizations need the help of specific actions, people, and/or resources, they will create a(n) __________ plan.

• A)standing
• B)tactical
• C)options-based
• D)action

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Definitions:

Last Dollar

The concept of last dollar refers to the final portion of funding or resources available for a project, initiative, or individual, often indicating the utilization of all available funds.

Minimize Costs

The process or strategy of reducing expenses to the lowest possible level while maintaining efficiency.

Last Dollar

The final unit of currency spent or invested in the completion of a transaction or project.

Marginal Product

The additional output produced by employing one more unit of a particular input, holding other inputs constant.