The Process of Determining an Organization's Basic Mission and Long-Term

question 52

Multiple Choice

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these objectives is called:

• A) strategic management.
• B) tactical management.
• C) contingency management.
• D) functional management.

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Definitions:

Revenue Tariff

A tax imposed on imported goods primarily for generating government revenue rather than protecting domestic industries.

Generate Income

The process of creating revenue or earnings through various sources such as work, investments, or business activities.

Converted

Changed or transformed from one state, form, or function to another.