As Defined in This Course,a Policy Is

question 8

Multiple Choice

As defined in this course,a policy is

• A) the purpose or reason for a corporation's existence.
• B) a statement of activities or steps needed to accomplish a single-use plan.
• C) a broad guideline for making decisions that links the formulation of strategy with its implementation.
• D) a comprehensive master plan stating how a corporation will achieve its mission and objectives.
• E) a statement of a corporation's programs in dollar terms.

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Definitions:

Capital Inputs

The physical assets, financial resources, and human capital used in the production of goods and services.

Optimal Use

The most efficient, effective, or desirable utilization of resources or goods to achieve the best outcome or return.

Interest Rate

The percentage of a loan charged as cost to the borrower for the use of the money.

Capital Projects

Long-term investments made by companies or governments to create, improve, or maintain physical assets.