The Last Step in Effective Planning Is to _____

question 96

Multiple Choice

The last step in effective planning is to _____.

• A)maintain flexibility in planning
• B)develop long­term action plans
• C)develop goal commitment
• D)acculturate the employees
• E)track progress toward goal achievement

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Definitions:

Purchased On Account

Transactions where goods or services are bought on credit, with payment to be made at a later date.

Accounts Receivable

Amounts due to a firm from its clients for goods or services delivered but not yet compensated for.

Subsidiary Ledgers

Detailed records that contain information about specific accounts, supporting the totals recorded in the general ledger.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, providing a complete record of financial transactions over the life of the company.