A Plan Which Focuses on Ongoing Activities Designed to Achieve

question 102

Multiple Choice

A plan which focuses on ongoing activities designed to achieve an enduring set of goals and may become a more permanent policy or rule is called a _____.

• A) start-up plan
• B) single-use plan
• C) standing plan
• D) contingency plan
• E) subject plan

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Definitions:

Profit Increase

An rise in the difference between a business's revenues and its expenses, indicating improved financial performance.

Profit-Maximizing Output

The level of production at which a company achieves its highest profit, balancing revenue against costs.

Same Price

A situation where different goods, services, or commodities are sold for an identical amount of money.

Price Customers

Refers to consumers whose purchasing decisions are primarily influenced by the price of goods or services.