Expressing Plans for a Business in Financial Terms Is Commonly

question 25

Multiple Choice

Expressing plans for a business in financial terms is commonly called:

• A) master planning.
• B) budgeting.
• C) strategic planning.
• D) operational planning.

---

Definitions:

Anticipatory Breach

Occurs when one party to a contract indicates they will not fulfill their contractual obligations before the due time.

Legal Position

The stance or argument taken by a party in a legal proceeding that is grounded on laws, regulations, or legal principles.

Anticipatory Breach

A situation in contract law where one party shows intent not to fulfill their contractual obligations before the due performance.

Third Party

An individual or group aside from the two primarily involved in a situation, often providing services, intervening, or affected by the actions of the main parties.