An Operating Plan

question 72

Multiple Choice

An operating plan:

• A)translates business ideas into concrete relatively short-term projections.
• B)backs up financial projections with a great deal of detail.
• C)concentrates on broad strategic issues despite its shorter term focus.
• D)a and b

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Definitions:

Revised Act

An updated version of a law or statute that incorporates amendments or corrections.

Corporate Secretary

A corporate secretary is an officer of a company responsible for ensuring compliance with statutory and regulatory requirements and implementing decisions made by the board of directors.

Revised Act

Legislation that has been amended or updated from its original version.

Material Violation

A substantial breach of a contract or agreement that significantly undermines the contract's purpose or damages the interests of one of the parties involved.