A ______ represents an "educated guess" about what must be done in the long term for survival or the prosperity of the organization or its principal parts.
A. trend analysis
B. mission
C. strategy
D. forecast
E. contingency plan
C. strategy
A strategy is a large-scale action plan that sets the direction for an organization. It represents an "educated guess" about what must be done in the long term for the survival or the prosperity of the organization or its principal parts.
You might also like to view...
Sarbanes-Oxley Act of 2002 may lead to:
a. convergence of GAAP and IFRS b. continuous or real-time reporting c. Worldwide acceptance of XBRL d. obscuring of the economic reality of business events
An input control that tests time card records to verify than no employee has worked more 50 hours in a pay period is an example of a range test
Indicate whether the statement is true or false
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the step method, what amount of Administration costs is allocated to A (round to the nearest dollar)? a. $72,973 b. $291,892 c. $145,946 d. $389,189
Channel relations tend to be most volatile in exclusive distribution
Indicate whether the statement is true or false