A Set of Procedures for Making Decisions About an Organization's

question 26

Multiple Choice

A set of procedures for making decisions about an organization's long-term goals and strategies is known as

• A)environmental scanning.
• B)strategic maneuvering.
• C)strategic planning.
• D)tactical planning.
• E)operational planning.

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Definitions:

Double-Declining-Balance Method

A form of accelerated depreciation method where an asset's book value is reduced at double the rate of its straight-line depreciation.

Units-Of-Production Method

A depreciation method that allocates an asset's cost based on its usage, output, or units of production rather than the passage of time.

Units-Of-Output Method

A depreciation method where the expense is calculated based on the units produced by the asset.

Depreciation Expense

This is the allocation of the cost of a tangible asset over its useful life.