Gary and Houston Have Been Running Their Own Business for Three

question 67

Multiple Choice

Gary and Houston have been running their own business for three years.When they started the business,they developed a guide for the planning policy which incorporated major policy decisions and methods for setting policies.They developed individual plans for carrying out each of the phases of the initial plan and even created a checklist,flow chart,and accountability chart for overseeing the implementation of all of the individual plans.Gary is finding it difficult keeping the plans straight when talking to Houston about them.What names should he use to refer to the guide,individual plans,and the plan to oversee the other plans?

• A) Strategic plan,tactical plan,operational plan
• B) Tactical plan,quality assurance plan,organizational plan
• C) Organizational plan,strategic plan,objective plan
• D) Operational plan,quality assurance plan,objective plan

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Definitions:

Cost Accounting System

A system of accounting for the recording, analysis, and allocation of costs associated with a company's production processes.

Northern Division

A designated segment or area of operations within a larger organization, often defined geographically.

Part X2

A specific component or item, designated as "X2," which is part of a larger product or system.

Minimum Acceptable Price

The lowest price at which a party is willing to sell a product or service, often covering at least the costs of production.