The Aim of the Cascade Approach to Objective Setting Is

question 52

Multiple Choice

The aim of the cascade approach to objective setting is to:

• A) form a top-down planning mechanism.
• B) involve all levels of management in planning.
• C) limit the flow of information during planning.
• D) exclude operating managers from the objective-setting process.

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Definitions:

Note Payable

A written promise to pay a specific sum of money to a party on demand or at a predetermined future date.

Account Payable

The amount of money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Notes Payable

Liabilities represented by written promises to pay specific sums of money at future dates, typically evidenced by formal instruments of credit.

Accounts Payable

Liabilities to creditors for goods or services purchased on credit, representing obligations that a company needs to pay off in the near term.