The Process of Identifying the Specific Procedures and Processes Required

question 37

Multiple Choice

The process of identifying the specific procedures and processes required at lower levels of the organization is called

• A) Strategic planning.
• B) Operational planning.
• C) Tactical planning.
• D) Contingency planning.
• E) Divisional planning.

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Definitions:

Capital

Capital refers to financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods and services.

Slope

The rate at which a line inclines or declines, representing the ratio of the vertical change to the horizontal change between two points on the line.

Isocost Line

A graphical representation of all the different combinations of inputs that can be purchased with a specific total cost.

Price Of Capital

The cost of using capital goods in production, which includes interest rates paid on loans or the rate of return required by investors on capital.