Types of plans that businesses typically use to guide their operations include
A) strategic plans.
B) long-range financial plans.
C) short-range financial plans.
D) all of the above.
Answer: D
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Benefits of process improvements include
A) improvements in project quality. B) increase in project value. C) improved efficiency and effectiveness. D) all of the above.
Vertical channel integration
A. results in two or more different management teams for each member of the channel. B. is made possible when a large corporation divests itself of smaller subsidiaries. C. is a shift back to the conventional channel of distribution. D. combines institutions at the same level of operation. E. is made possible by purchasing the operations of a link in the channel.
Potential investments include all of the following instruments except
A) stocks and bonds. B) mutual funds. C) real estate. D) lottery tickets.
A worker earns $16 per hour at a plant and is told that only 5% of all workers make a higher wage. If the wage is assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, find the average wage for the plant workers per hour