The Decision to Expand the Business by Opening Up a New

question 33

Multiple Choice

The decision to expand the business by opening up a new branch in a different city is part of:

• A) strategic planning.
• B) master budgeting.
• C) strategic budgeting.
• D) performance planning.

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Definitions:

Inventory

The complete list of items such as goods, materials, and merchandise that a business holds with the intent to sell.

CPA

Certified Public Accountant, a professional designation given to qualified accountants who have passed a licensing examination in their jurisdiction.

Security Interest

A legal claim on assets which are given to secure a loan and ensure the repayment of debt.

Debtor

A debtor is an individual or entity that owes a debt to another party, usually a sum of money.