Tactical Plans Are Operational Plans That Identify ________

question 128

Multiple Choice

Tactical plans are operational plans that identify ________.

• A)overall organizational goals
• B)how overall goals are to be achieved
• C)the mission of an organization
• D)specific goals for accomplishing a specific objective

Distinguish between favorable and unfavorable variances and their implications for management.

Apply budgeting concepts to various scenarios including service companies, cleaning and maintenance operations, and medical clinics.

Use budget variance analysis to make managerial decisions and adjustments.

Understand the basic concepts and terminologies related to budgeting in a manufacturing and service business context.

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Definitions:

Comparative Negligence

A principle of tort law that compares the negligence of the conflicting parties and apportions damages accordingly.

Res Ipsa Loquitur

A Latin term that means "the thing speaks for itself," used in tort law to refer to cases where the negligence is inferred from the nature of the accident.

Actual Cause

The true reason an event occurred, which directly led to the damage or injury, forming a basis for establishing legal liability.

Res Ipsa Loquitur

A legal doctrine that allows the presumption of negligence by proving that the type of accident would not occur without someone's negligence.