The Proper Ranking of the Four Kinds of Business Plan

question 149

Multiple Choice

The proper ranking of the four kinds of business plan from longest to shortest term is:

• A) budgeting, forecasting, strategic planning, operational planning.
• B) strategic planning, budgeting, operational planning, forecasting.
• C) forecasting, strategic planning, operational planning, budgeting.
• D) strategic planning, operational planning, budgeting, forecasting.
• E) strategic planning, forecasting, budgeting, operational planning.

---

Definitions:

Tax Incidence

The ultimate distribution of a tax burden.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Tax Shifting

Occurs when households can alter their behavior and do something to avoid paying a tax.

Avoid Paying

Strategies or actions taken to minimize or evade expenses, taxes, or other financial obligations.