Which of the Following Would Have a Very Short-Term Approach

question 5

Multiple Choice

Which of the following would have a very short-term approach to planning?

• A) Individuals who look for opportunities to achieve their goal,even if the opportunity isn't the one related to their original goal.
• B) Individuals who develop long-range plans for all aspects of the business and act based on the plans they've developed.
• C) Individuals who plan around the most important aspect of the business first,act on it,and then consider if additional plans are needed.
• D) Individuals who are comfortable with planning and act based on the plans they have developed.

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Definitions:

Inventory Value

The total cost or market value of all the goods held by a company that are available for sale.

Cost Of Goods Sold

The immediate expenses associated with manufacturing the products a company sells, covering both materials and manpower.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.