When Uncertainty Is High and Managers Must Be Flexible,which Type

question 94

Multiple Choice

When uncertainty is high and managers must be flexible,which type of plan is most preferable?

• A)long term
• B)specific
• C)standing
• D)directional

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Definitions:

Six-Month

A period or duration of six calendar months.

Interest Payment

The cash paid by a borrower to a lender for the privilege of borrowing money, typically based on the interest rate of the loan or debt.

Other Income

A financial term referring to income generated from activities not directly related to the entity's primary business operations.

Other Expense

Expenses that do not fit into the usual categories of operating expenses in a business, such as lawsuit settlements or loss on asset disposal.