What Is the Process Called by Which Top Management Determines

question 101

Multiple Choice

What is the process called by which top management determines overall organizational purposes and objectives and how they are to be achieved?

• A) objective planning
• B) organizational planning
• C) strategic planning
• D) tactical planning

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Definitions:

Explanations

Detailed accounts or statements clarifying or justifying something.

Journal

A detailed record where financial transactions are entered initially, in chronological order, before being posted to accounts.

Indented

A term not typically used in a financial or accounting context; it often refers to a formatting style where text is moved to the right from the margin of a document.

Withdrawals

Withdrawals refer to the amounts of money or other assets taken from a business by its owner(s) for personal use.