Select the Incorrect Statement About the Planning Process

question 28

Multiple Choice

Select the incorrect statement about the planning process.

• A) The longer the time period, the more specific the plans.
• B) Planning decisions can often be subdivided into three distinct planning phases: short term, intermediate term, and long term.
• C) The nature of planning changes with the length of the time period being considered.
• D) The shorter the time period, the less general the plans.

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Definitions:

Raw Materials

The basic materials from which products are manufactured or made.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Required Production

The quantity of products that must be manufactured or produced to meet customer demand.

Units

A measure of quantity used to express the amount of product made or available.