In Contrast to Tactical Planning Decisions,management Control Decisions,and Operational Control

question 35

Multiple Choice

In contrast to tactical planning decisions,management control decisions,and operational control decisions,strategic planning decisions usually

• A)are more focused
• B)have a shorter time frame
• C)are unstructured
• D)have a high degree of certainty

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Definitions:

Static Budget

A budget based on a fixed level of activity and does not change with the actual levels of output achieved.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the organization, allowing for more accurate budgeting and performance evaluation.

Volatile Demand

Demand for a product or service that experiences frequent, unpredictable changes often leading to challenges in inventory management and production planning.

Stable Demand

Describes a market condition where the demand for a particular product or service remains consistent over time.