What Are the Three Types of Actions Normally Planned After

question 64

Multiple Choice

What are the three types of actions normally planned after objectives have been established?

• A) Strategic, divisional, and departmental
• B) Strategic, tactical, and operational
• C) Operational, departmental, and executive
• D) Departmental, strategic, and mid-level

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Definitions:

Revenue Recognition

The principle in accounting that dictates the process and timing by which revenue is recorded and recognized on the financial statements.

Payment

The transfer of money or goods in exchange for a product or service.

Overtime Salaries

Compensation paid to employees for hours worked beyond their normal working hours, usually at a higher rate than the regular hourly wage.

Expenses

Economic costs a business incurs through its operations to earn revenue, representing the outflow of assets or incurring of liabilities.