The Type of Planning Conducted on a Long-Range Basis by Top

question 47

Multiple Choice

The type of planning conducted on a long-range basis by top managers is usually called

• A) incremental.
• B) tactical.
• C) strategic.
• D) crisis.
• E) static.

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Definitions:

Operating Cycle

The time period between the acquisition of inventory and the collection of cash from accounts receivable.

Cash Cycle

The amount of time required for a company to turn its inventory and various assets into cash through sales revenue.

Restrictive Policy

A policy implemented by a company or government to limit or control certain activities, often to ensure financial stability or compliance with regulations.

Flexible Policy

A strategy or guideline that is adaptable to changes and allows for discretionary decisions based on circumstances.