A Company's ____________ Plan Is a Statement of the Resources

question 39

Multiple Choice

A company's ____________ plan is a statement of the resources available to the operations group during the next 6 to 18 months.

• A) project
• B) master
• C) strategic
• D) aggregate
• E) tactical

---

Definitions:

Lease Liabilities

Lease liabilities represent a lessee's obligation to make lease payments arising from a lease, as recorded on the balance sheet under new accounting standards.

Bonds Payable

A long-term debt instrument issued by corporations, government agencies, and other entities to finance operations and projects, which requires repayment of the principal amount and interest.

Long-Term Liabilities

Financial obligations of a business that are due beyond one year, including bonds payable, long-term loans, and lease obligations.

Operating Cycle

The duration of time from the purchase of raw materials to the collection of receivables from the sale of the finished goods.