A Functional-Level Plan States the Goals That the Managers of Each

question 28

Multiple Choice

A functional-level plan states the goals that the managers of each function will pursue to help their division attain its ______ goals,which,in turn,will allow the entire company to achieve its ______ goals.

• A)Departmental-level;functional
• B)Business-level;department
• C)Divisional-level;divisional
• D)Business-level;corporate
• E)Functional-level;corporate

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Definitions:

Repayment

The act of paying back money previously borrowed from a lender.

Semiannually

Occurring or done twice a year, typically every six months.

Debt Investments

Investments in bonds or other forms of debt securities that provide the investor with interest income.

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and returns the principal at maturity.