________ provides comprehensive long-term direction to help a business accomplish its mission.

A. Operational planning
B. Enterprise resource planning
C. Strategic planning
D. Elemental cost planning


Answer: C

Business

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Transaction authorization occurs in a traditional manufacturing environment in all of the following ways except

a. production planning and control initiates production with a work order b. movement of the work through the production process follows the move ticket c. the sales department modifies work orders to match changes in demand d. the materials requisition authorizes the storekeeper to release materials to the work centers

Business

Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $53,000 in July, $55,000 in August, and $46,000 in September. Based on the new data, calculate the new projected cash balance at the end of August.

Gunda Corp. has prepared a preliminary cash budget for the third quarter as shown below:

A) $20,500
B) $18,500
C) $12,000
D) $17,800

Business

Marketing stimuli include which of the following?

A) economic stimuli B) price stimuli C) technological stimuli D) social stimuli E) cultural stimuli

Business

The managerial power that reflects control by fear and the ability to punish non-conformity or compliance is referred to by French and Raven (1958) as:

a. subversive power b. evasive power c. coercive power d. conducive power

Business