Match the Following

question 34

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Starting point for the planning process

• A)Mission statement
• B)Operational plans and goals
• C)Strategic plans and goals
• D)Tactical plans and goals

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Definitions:

Limited Liability Company

A corporate framework that merges the direct taxation benefit of partnerships or sole proprietorships with the corporation's advantage of limited liability.

Corporation

A legal entity that is separate from its owners, offering limited liability to its shareholders, and is able to own assets, incur liabilities, and enter into contracts.

Securities And Exchange Commission

A federal agency responsible for enforcing US federal securities laws and regulating the securities industry, stock and options exchanges.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.