The Type of Planning That Involves Long-Term Decisions,such as Defining

question 93

Multiple Choice

The type of planning that involves long-term decisions,such as defining the scope of the business and deciding what products to make,is known as:

• A) Continuous planning.
• B) Strategic planning.
• C) Capital budgeting.
• D) Operations budgeting.

---

Definitions:

Solar Power

The conversion of energy from sunlight into electricity, either directly using photovoltaic cells or indirectly through concentrated solar power systems.

Violation

The act of breaching, disobeying, or infringing upon a law, rule, or agreement.

Profit

The financial gain obtained when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Corporate Governance

A set of policies specifying the rights and responsibilities of the various participants in a corporation and spelling out the rules and procedures for making corporate decisions.