A Centralized Planning Process

question 79

Multiple Choice

A centralized planning process

• A) should be replaced with a decentralized process in large corporations to ensure buy-in.
• B) can help managers understand how actions in one area have consequences for other units.
• C) focuses attention on different time horizons.
• D) ensures adequate assessment of external forces.

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Definitions:

Priority Rule

A principle that establishes the order in which claims or legal rights are to be enforced or satisfied.

Secured Party

An individual or entity that has an interest, usually a collateral interest, in the personal property of a debtor.

Attach

In legal terms, to seize a person's property to satisfy a court-ordered debt, or the process of becoming legally enforceable or applicable.

Financing Statement

A document, usually a multicopy form, filed in a public office serving as constructive notice to the world that a creditor claims a security interest in collateral that belongs to a certain named debtor.