What Is a Plan for Next Year Expressed in Quantitative

question 18

Multiple Choice

What is a plan for next year expressed in quantitative terms?

• A)strategy
• B)capital budget
• C)operating budget
• D)management control system

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Definitions:

Narrow Spans of Control

A managerial structure in which a manager oversees a small number of subordinates, allowing for more direct supervision and communication.

Management Levels

The different layers of management in an organization, typically categorized into top-level (executives), middle-level (managers), and lower-level (supervisors or team leaders).

Environmental Uncertainty

The degree to which an organization lacks information about its external environment, making it difficult to predict future trends or events.

Systems Design

Refers to the process of defining the architecture, components, modules, interfaces, and data for a system to satisfy specified requirements.