Which of the Following Is True Concerning Standing Plans

question 111

Multiple Choice

Which of the following is true concerning standing plans?

• A) They provide guidance for activities repeatedly performed in the organization.
• B) They provide guidance for 1-3 years only.
• C) They specify general guidelines.
• D) They are specifically designed to meet the needs of a unique situation.
• E) They are more flexible than directional plans.

Understand the concept of intracompany and intercompany comparisons for financial analysis.

Identify and compute various financial ratios to assess a company's financial position and performance.

Understand the concept of financial ratios and their calculation.

Grasp the importance of the current ratio and working capital measurement in assessing a company's liquidity.

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Definitions:

Punishment

A consequence applied with the intent of reducing or eliminating an undesired behavior.

Employee Initiative

The ability and willingness of employees to take action and make decisions without explicit instruction or prompting from management.

Flexibility

The quality of being adaptable or variable, capable of changing or being modified according to circumstances.

Unpleasant Event

An occurrence that causes discomfort, distress, or dissatisfaction to an individual.