Plans That Apply to the Entire Organization,establish the Organization's Overall

question 127

Multiple Choice

Plans that apply to the entire organization,establish the organization's overall goals,and seek to position the organization in terms of its environment are called ________ plans.

• A)operational
• B)strategic
• C)single-use
• D)standing

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Definitions:

Cash-All-Checks

A policy or service where a financial institution or business agrees to cash all checks presented, typically without restrictions.

Real Defense

Legal defenses that can be used to challenge the validity of a contract, citing reasons such as fraud or duress.

Personal Defense

Strategies, practices, and methods used by an individual to protect themselves from harm or danger.

Promissory Note

A written promise to pay a specified sum of money to a certain individual or entity at a specified time or on demand, under specified conditions.