________ Planning Involves a Process of Translating Broad Strategic Goals

question 53

Multiple Choice

________ planning involves a process of translating broad strategic goals and plans into specific goals and plans relevant to a particular portion of an organization.

• A) Strategic
• B) Operational
• C) Tactical
• D) Contingency
• E) Feasibility

Recognize the impact of price changes on consumer and producer surplus.

Understand the conditions for market equilibrium and how it affects surplus.

Identify the factors leading to changes in the quantity demanded and supplied in the market.

Analyze the role of economic signals in correcting market imbalances.

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Definitions:

Imposition

The act of establishing or applying something by authority or force, often referring to taxes, duties, or policies.

Tax

A necessary tax or other charge placed on individuals by a government agency, with the purpose of generating revenue for government operations and miscellaneous public outlays.

Tax Revenue

The income that is collected by governments through taxation, which supports public spending and services.

Government

The organization, or system by which a community or nation is governed, responsible for creating and enforcing laws.