In a Budget-Centric Operational Plan,tactics Are Established to Meet the Objectives

question 66

True/False

In a budget-centric operational plan,tactics are established to meet the objectives and targets established in the strategic plan.

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Definitions:

Account Number

A unique identifier assigned to an account that enables transactions and tracking.

Debit

A transaction recorded in accounting that leads to a rise in a company's assets or a reduction in its liabilities on the balance sheet.

Credit

An accounting entry that increases liabilities or equity, or decreases an asset or expense account, on a company's balance sheet.

Posting Reference

An identifier used in journals and ledgers to link transactions, facilitating tracking and cross-referencing between the two records.