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:

Wages Expense

The total cost incurred by an enterprise for the wages paid to employees, reported on the income statement.

Operating Cycle

The time period between the acquisition of goods for sale and the receipt of cash from customers, measuring the efficiency of a company's operational processes.

Inventory Purchases

Transactions involved in buying goods and materials to be sold or used in the production process by a business.

Collection of Cash

Collection of cash involves the process of receiving cash payments from customers or clients, typically recorded as an increase in cash or cash equivalents on the balance sheet.