Strategic Planning Is the Managerial Process of Developing and Maintaining

question 260

True/False

Strategic planning is the managerial process of developing and maintaining a match between an organization's resources and its market opportunities.

---

Definitions:

Promissory Note

A written, legal agreement where one party promises to pay another a specific sum of money on a certain date or upon demand.

Accounts Receivable

Money owed to a business by its customers for goods or services provided on credit.

Paper Company

A business entity created, often in a tax haven, for the purpose of managing investment or conducting transactions without engaging in operational business activities.

Interest Calculation

The process of determining the amount of interest earned or paid on a financial instrument or account, based on the principal, the rate, and the time.