Match the Options Below with the Correct Phrases

question 74

Multiple Choice

Match the options below with the correct phrases:
-budget

• A)written instructions to carry out the sequential steps to accomplish a task
• B)the steps by which an organization will achieve its strategic goals
• C)a planning technique for managers and subordinates to collaborate goal setting
• D)predicts income and expenses
• E)requires great leaps forward on such measures as product development, time, return on investment, and sales growth
• F)goals for middle managers
• G)a broad, written guideline
• H)the formal written organizational purpose
• I)plan which adapts to changes that affect or impact the original plan
• J)the mental activity of determining what you want to do
• K)end result of the planning effort
• L)no smoking
• M)a planning technique of predicting or attempting to foresee future issues and events
• N)a single-use plan for accomplishing a group of related activities
• O)a plan focusing on first-line managers

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Definitions:

Compounded Annually

Refers to the process of applying interest to both the initial principal and the accumulated interest over the past year.

RRSP

A Registered Retirement Savings Plan, a government-approved program in Canada that allows individuals to save for retirement on a tax-deferred basis.

Purchasing Power

The purchasing power of a currency represented through the quantity of goods or services a single unit can acquire.

Equal Monthly Contributions

Regular, identical payments made monthly towards a financial obligation or investment.