In a Survey of Managers About Formal Top-Down Organisational Planning

question 19

Multiple Choice

In a survey of managers about formal top-down organisational planning processes, over 75 per cent said that their company's planning approach was _________.

• A)excellent
• B)effective
• C)harmful
• D)unsatisfactory

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Definitions:

Monthly Payment

A fixed amount of money paid at regular monthly intervals for a service or to repay a loan.

Amortization Period

The length of time it takes to pay off a debt or loan in full through regular payments.

Compounded Quarterly

The process of calculating and adding interest to the principal sum of a deposit or loan every three months.

Outstanding Balance

The total amount of money that is still owed on a loan or a line of credit that has yet to be paid.