The Level of Planning That Involves the Least Amount of Details

question 31

Multiple Choice

The level of planning that involves the least amount of details is

• A)operational planning.
• B)contingency planning.
• C)tactical planning.
• D)strategic planning.
• E)visionary planning.

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Definitions:

Total Dollar Amount

The complete sum of all monetary figures in question, without considering the breakdown of components that constitute this total.

Activity Changes

Refers to alterations in the volume or pace of operations or transactions within a business over a period.

Variable Costs

Costs that vary directly with the level of production or volume of output, such as raw materials and labor directly involved in manufacturing.

Activity Levels

A measure used in cost accounting to evaluate the relation between the cost of a particular activity and the level of activity executed.