Planning to Develop and Achieve a Set of Goals That

question 100

Multiple Choice

Planning to develop and achieve a set of goals that are unlikely to be repeated in the future is known as a(n) :

• A) operational plans
• B) tactical plans
• C) strategic plans
• D) standing plan
• E) single-use plan.

---

Definitions:

Financial Advantage

The benefit gained when financial resources are managed to maximize efficiency and profitability.

Contribution Margin

The margin between the income from sales and the costs that vary, illustrating the amount of revenue available for offsetting fixed expenses and yielding a profit.

Annual Fixed Costs

Costs that do not vary with the level of production or sales over the year, such as rent, salaries, and insurance.

Financial Advantage

Any benefit or gain, in financial terms, that improves the economic situation of an entity or individual.