Which Type of Operational Plan Saves Managers Time Because It

question 136

Multiple Choice

Which type of operational plan saves managers time because it is created once and then used repeatedly to handle frequently recurring events?

• A)standing plan  
• B)budget plan  
• C)multiple-use plan  
• D)options-based plan

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Definitions:

Selling Assets

The process of liquidating company assets for cash or other considerations, often done to meet financial obligations or as part of a strategic business restructuring.

Paying Creditors

The process of settling debts owed by an individual or entity to its lenders or claimants.

Power To Dissociate

The legal ability of a partner in a partnership to unilaterally sever their association with the partnership under specific conditions.

Expressing Intent

The act of communicating one's purpose or goals clearly, especially in the context of contracts or legal agreements, to ensure mutual understanding and agreement.