Which of the Following Statements Is True of Planning

question 41

Multiple Choice

Which of the following statements is true of planning?

• A) Planning should begin at the bottom, with a plan for each department.
• B) Planning centers on the setting of goals and objectives.
• C) Planning is the function of ensuring that work goes according to a strategy.
• D) Planning done by top managers is called operational planning.

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Definitions:

Liabilities

Liabilities refer to the financial obligations or debts that a company owes, which must be paid to others.

Treasury Stock

Shares that were once part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Par Value

The stated value of a bond, stock share, or coupon as designated by the issuer.

Resold

The act of selling an item or asset that has already been purchased.