Which of the Following Is an Element of an Operating

question 81

Multiple Choice

Which of the following is an element of an operating plan?

• A) Developing an organizational mission
• B) Preparing financial statements
• C) Defining core values
• D) Budgeting employee costs

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Definitions:

Public Policy Reasons

Justifications or rationales based on the public good or societal interests that guide or influence legislative, governmental, or organizational decisions.

Disaffirm

The act of rejecting or renouncing a contract or agreement, particularly by a minor who is not legally bound by contracts.

Life Insurance

A contract between an insurer and a policyholder where the insurer pledges payment of a death benefit to named beneficiaries upon the death of the insured.

Health Insurance

A type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.