A Set of Procedures for Making Decisions About the Organization's

question 60

Multiple Choice

A set of procedures for making decisions about the organization's long-term goals and strategies is called

• A)a mission statement.
• B)a vision statement.
• C)strategic planning.
• D)tactical planning.
• E)operational planning.

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Definitions:

Scientific Study

A systematic and objective investigation conducted to acquire knowledge and understand natural phenomena through observation and experimentation.

Positive Economic Statement

An objective statement based on fact that can be tested and validated.

Government Spending

Expenditures made by the government for its operations, programs, and public services.

Taxes

Mandatory contributions to state revenue, levied by the government on workers' income, business profits, or added to the cost of some goods, services, and transactions.