Plans That Define the Various Short-Term Activities Needed to Implement

question 41

Multiple Choice

Plans that define the various short-term activities needed to implement strategic plans are called __________ plans.

• A) strategic
• B) business
• C) operational
• D) long-term

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Definitions:

Return on Assets Ratio

A financial ratio that indicates how profitable a company is relative to its total assets, measuring how efficiently assets are being used to produce profit.

Total Asset Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue.

Gross Profit Percentage

A financial ratio that expresses a company's gross profit as a percentage of net sales, indicating the efficiency of production and sales activities.