q1 The users of management accounting include:
i for profit organisations
ii not-for-profit organisations
iii city governments
iv educational institutions
A.
i, iii and iv
B.
i and
Answers
Management accounting is a system of accounting that aids in making business decisions, including the provision of financial and accounting data to management. There are several users of management accounting, including for-profit businesses, non-profit organizations, city governments, and educational institutions. The correct response to this question is option A, which states that i, iii, and iv are the users of management accounting.
Profit and non-profit organizations, as well as educational institutions, require management accounting to make effective business decisions. Management accounting can help firms to establish budgets and analyze revenue, expenses, and profitability, as well as monitor operational efficiency, all of which are vital in making business decisions. Management accounting is also critical for government entities, particularly city governments because it can help them manage their budgets more effectively and avoid unnecessary expenses.
Finally, management accounting can also be used by educational institutions to track their expenses and determine if they are achieving their goals. In summary, the users of management accounting are not limited to for-profit organizations, but also non-profit organizations, city governments, and educational institutions. The aim of management accounting is to provide vital financial information to users to enable them to make informed business decisions.
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Related Questions
If management operates to maximize the firm's profits, this will also maximize the market value of stockholders' wealth.
a. True
b. False
Answers
Answer:
b. False
Explanation:
The shareholder wealth could be maximized when there is a rise in the stock price as when the stock price rises, it automatically rised the value of the firm and the net worth also
Therefore in the given situation, in case when the firm wants to maximise its profits so it not necessary to increased the market value
Therefore the given statement is false
suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his lifetime than would be predicted by standard measured variables. the economist also notes that each of the subject's positions was found through connections at his family's exclusive country club. which one of the following most likely explains this person's unusually high earnings?
Answers
Suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his lifetime than would be predicted by standard measured variables. The economist also notes that each of the subject's positions was found through connections at his family's exclusive country club.
Which one of the following most likely explains this person's unusually high earnings? The most likely explanation for this person's unusually high earnings is the influence of social capital. Social capital refers to the connections and networks that individuals have, which can provide them with access to valuable resources and opportunities. In this case.
These connections may have provided the subject with access to job opportunities that are not available to others and may have given them an advantage in the labor market. Thus, the subject's higher earnings can be attributed to the influence of social capital gained through their family's exclusive country club connections.
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Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answers
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
If an insured receives accelerated death benefits, what is the least amount of the original death benefit that the beneficiary would receive after the insured's death? A. 10% B. 0% C. 50% D. 25%
Answers
If an insured receives accelerated death benefits, the least amount of the original death benefit that the beneficiary would receive after the insured's death is 0%.
Accelerated death benefits allow the insured to receive a portion of the death benefit while still alive if they are diagnosed with a terminal illness or other qualifying condition. The amount received is typically a percentage of the total death benefit, and the remaining benefit is reduced by that amount. Therefore, if the insured receives the full amount of accelerated death benefits before their death, there will be no remaining death benefit for the beneficiary to receive.
It is important for individuals to carefully consider the potential impact of accelerated death benefits on their beneficiaries before electing to receive them.
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You are researching buying your first car and have found the following information. Use the information below to calculate how much owning the car will cost you over 5 years. (Note: Not all information is useful/needed)
• Purchase Price: $20,000
• 4--Year Auto Loan payment: $450
per month
• Depreciation: 10% of the original price each year
• Checkups/Oil changes: $100 per year
• 5-year Average Repair Costs:
$3,000
• Insurance: $1,200 per year
• Gas cost: $3,000 per year
Answers
Using mathematical operations, the total cost of owning the car will be $46,100 over its 5-year life.
How is the total cost determined?The total cost is the sum of the different costs associated with the ownership of the car over its 5-year period.
Some costs, like gasoline, checkups/oil changes, and insurance are multiplied by 5 years while others were not.
Auto loan repayment per month = $450
Period of auto loan repayment = 48 months (4 years x 12)
Auto loan repayment for 4 years = $21,600 ($450 x 48 months)
Checkups/Oil changes = $500 ($100 x 5 years)
5-year Average Repair Costs = $3,000
Insurance = $6,000 ($1,200 x 5 years)
Gas cost - $ 15,000 ($3,000 x 5 years)
Total cost = $46,100
Thus, we can use mathematical operations (multiplication and addition) to determine the total cost of the car over 5 years.
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What are four important factors to remember before making a career decision?
Answers
Answer:
To make a career decision you need to focus on four really important things.
1. You should know what interests you and what do you want to keep on pursuing in the future.
2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.
3. Work attitudes, meaning that do you really have the attitude for the work?
4. Training and Education, this means that are you qualified enough for that specific work.
Explanation:hope it helps
At Frank's company, the strength of the organizational structure is that the results are based on
the effectiveness of the managers, but its main weakness is costs can be increased due to a
decrease in efficiency. This is an example of which structure?
Osimple
O functional
O divisional
O matrix
Answers
Answer:
divisional
Explanation:
-A simple structure s a structure in which there is little specialization and there is a central authority that controls everything and has the power.
-Functional structure is a structure in which a company is divided in groups according to specialized activities. Because of this specialization, companies with this structure can increase productivity but the communication is rigid and the cooperation between departments is difficult.
-Divisional structure is a structure in which there are different divisions and each one concentrates on a specific product or service and has all the functions and resources for that. This structure can create inefficiencies because the specialized functions are separated but the results of one division don't affect the other ones.
-Matrix structure is a structure in which employees report to more than one manager and it is used in companies that have different lines to have more flexibility and increase productivity.
According to this information and the statement, the answer is that this is an example of divisional stucture because in this structure each division has its own resources and specialized functions and because of that the results are based on the effectiveness of the managers but as each division has its own specialized functions, this creates inefficiencies.
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other factor/s would be more important
Answers
Answer:
The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.
Explanation:
The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.
When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.
However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.
Employers can try to overcome the moral-hazard problem involving their employees by.
Answers
Employers can be able to try and overcome the moral-hazard problem involving their employees by d. better monitoring their employees' work efforts.
What is moral hazard?Moral Hazard refers to the notion that a person is less likely to work for the benefit of something if they know that they are protected in case the thing does not work out. In other words, when people are protected from consequences, there is less incentive for them to actually work in such a way as to prevent something from going wrong.
In terms of employment, employees on stable salaries may not always work for the benefit of the company. They might not work as hard as they are meant to, and might only put in ineffective work, knowing that they will still get paid. If a company wants to overcome this moral hazard problem with employees, they should monitor the work of their employees better, to see if they are doing what they should be doing.
Options for this question include:
a. requiring their employees to take a pre-employment work effort test.b.paying their employees below-equilibrium wages since the employees will likely shirk some of their responsibilities.c. paying their employees more often.d. better monitoring their employees' work efforts.Find out more on moral hazard at https://brainly.com/question/14594907
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PLEASE HELP in 2 to 3 sentences, explain the role of prices in a market and include distrbution, producers, and consumers
Answers
Price is the biggest and most important direct determinant in a market for aspects like distribution, producers, and the consumers in the market at large.
What is the significance of price?Price of a product, in an economy, can be referred to or considered as the rate at which a particular quantity of such product is demanded and supplied in the market in which such price prevails.
Higher price attracts producers and distributors, while lower price of a product in a market will attract a larger number of customers to buy such product.
Therefore, the significance regarding price has been aforementioned.
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VOTE TOM NOOK FOR PRESIDENT FOR 2024
Answers
:0
yas I will vote him!
lol
wait..no! He will just take our money. My answer is a maybe.
Personal finance skills have the most significant impact on an individual’s
Answers
Answer:
quality of life.
Explanation:
Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.
Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.
Thus the correct answer would be 'that the person will have a quality of life.'
Answer:
C: Quality of life
Explanation:
on edge2021! hope this helps!~ (*^▽^*)
Help I’ll give good pts !!!
Answers
1. When you make a purchase with your credit card, you are borrowing money from your card issuer. You don’t have to use your own money until you pay your credit card bill. By contrast, debit cards are linked to your checking account.
2.Credit cards have a major impact on your credit score. Use your credit card wisely, and you’ll be on the way to a great credit score but if you make a mistake like missing a card payment for 30days or more your credit score will drastically go down. The more you mess up the more your credit score will fall.
Which term best represents the relationship between the level of corruption and economic growth rate in a country?
Multiple Choice
directly proportional
zero correlation
inversely proportional
positive correlation
independent
Answers
The term "inversely proportional" best represents the relationship between the level of corruption and the economic growth rate in a country.
The relationship between the level of corruption and the economic growth rate in a country is often characterized as "inversely proportional." This means that as the level of corruption increases, the economic growth rate tends to decrease, and vice versa.
In other words, countries with higher levels of corruption generally experience slower economic growth, while countries with lower levels of corruption tend to have higher economic growth rates.
Corruption can hinder economic development by creating inefficiencies, distorting market mechanisms, discouraging investments, and diverting resources away from productive sectors. It undermines trust in institutions, erodes public confidence, and stifles innovation and entrepreneurship.
As a result, countries with high levels of corruption often struggle to attract investments, foster a conducive business environment, and promote sustainable economic growth.
Conversely, countries that effectively combat corruption and promote transparency and good governance tend to experience higher economic growth rates. By reducing corruption, countries can create a more favorable environment for business, encourage investments, enhance efficiency, and promote long-term economic development.
Therefore, the relationship between the level of corruption and economic growth rate is best described as "inversely proportional" due to the negative impact corruption has on a country's economic performance.
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The term "inversely proportional" best represents the relationship between the level of corruption and the economic growth rate in a country.
The relationship between the level of corruption and the economic growth rate in a country is often characterized as "inversely proportional." This means that as the level of corruption increases, the economic growth rate tends to decrease, and vice versa.
In other words, countries with higher levels of corruption generally experience slower economic growth, while countries with lower levels of corruption tend to have higher economic growth rates.
Corruption can hinder economic development by creating inefficiencies, distorting market mechanisms, discouraging investments, and diverting resources away from productive sectors. It undermines trust in institutions, erodes public confidence, and stifles innovation and entrepreneurship.
As a result, countries with high levels of corruption often struggle to attract investments, foster a conducive business environment, and promote sustainable economic growth.
Conversely, countries that effectively combat corruption and promote transparency and good governance tend to experience higher economic growth rates. By reducing corruption, countries can create a more favorable environment for business, encourage investments, enhance efficiency, and promote long-term economic development.
Therefore, the relationship between the level of corruption and economic growth rate is best described as "inversely proportional" due to the negative impact corruption has on a country's economic performance.
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A bank purchased a credit default swap from another financial institution to protect itself against the default of one of its borrowers. In this example, the bank is:.
Answers
Answer: Hedging
Explanation: because the bank is hedging when it purchases a credit default swap that is offering protection against the default of one of its borrowers.
Which of the following factors would economists consider "key" to economic development?A.policies that promote consumption expenditures by householdsB.establishing a system of property rightsC.expansionary monetary policyD.All of the above are correct
Answers
Economists would consider "establishing a system of property rights" (Option B) as a key factor to economic development.
Property rights create a stable environment, incentivize investment, and promote efficient resource allocation, all of which contribute to economic growth.
Stability and Rule of Law: A robust system of property rights provides a legal framework that establishes clear ownership rights and protections for individuals and businesses. This stability and rule of law create an environment where economic transactions can occur with confidence.
Investors and entrepreneurs are more willing to commit their resources and efforts when they have assurance that their property will be secure and that contracts will be enforceable. This stability fosters trust, reduces uncertainty, and encourages long-term planning and investment.
Incentives for Investment and Innovation: Property rights enable individuals and businesses to benefit from the fruits of their labor and investments. When people have secure property rights, they have a strong incentive to invest in their property, develop it, and maximize its value.
The assurance of reaping the rewards of their efforts motivates individuals to take risks, innovate, and engage in entrepreneurial activities. This drive for investment and innovation fuels economic growth and fosters a dynamic business environment.
Efficient Resource Allocation: Clear property rights facilitate efficient allocation of resources in the economy. When individuals have exclusive rights over their property, they can make decisions about its use based on their own knowledge, preferences, and market signals.
This decentralization of decision-making allows resources to flow to their most productive uses, as individuals seek to optimize their own welfare. Efficient resource allocation leads to increased productivity, improved competitiveness, and overall economic development.
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When using the marginal principle to analyze emissions standards, the government should make the emissions standard stricter as long as the?
Answers
When using the marginal principle to analyze emissions standards, the government should make the emissions standard stricter as long as the savings in healthcare costs and recovered work time exceeds the cost of additional equipment and extra fuel used.
Emissions standards set limits on the number of pollutants a vehicle or engine can emit. EPA recognizes that reducing pollution from mobile sources requires consideration not only of vehicles, engines, and equipment, but also the fuels they use. That is why we have set sulfur standards for gasoline, on-road diesel, and non-road diesel.
Emission standards are government-imposed limits on the emission of pollutants from processes. There are limits for certain gaseous, vapor, and particulate pollutant emissions from each process and their emissions from specific processes.
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What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
The price reflecting the true social opportunity costs of a resource is known as a. a price index. b. a shadow price. c. an equilibrium price. d. a global price.
Answers
Answer:
b. a shadow price.
Explanation:
The shadow price is the predicted price for anything which can not be normally priced in the market. It is applied in the cost-benefit accounting to measure the intangible asset value also it could be use to reveal the actual price of the share of the money market
So the price that represent the true opportunity cost would be a shadow price
You are an employer seeking to fill a vacant position on an assembly line. Are you more concerned with the average product of labor or the marginal product of labor for the last person hired?.
Answers
The marginal product evaluates the impact of the most recent hiring on production, or total product. This makes it easier to calculate the revenue that would result from adding a second employee, which can then be contrasted with the expense of doing so. Therefore, option C is correct.
A manufacturing technique known as an assembly line separates the process of making a product into steps that must be completed in a certain order. Assembly lines are the method used the most frequently in the mass production of commodities.
The marginal product is the additional product created as a result of adding an additional unit of input. Marginal product, in other words, refers to a change in the production output brought on by a change in the production input.
The complete question of the answer is given below
You are an employer seeking to fill a vacant position on an assembly line. Are you more concerned with the average product of labor or the marginal product of labor for the last person hired?
A. The marginal product of labor because to maximize profits, you will want to hire labor up to but not exceeding the point where labor begins to experience diminishing marginal returns.
B. The average product of labor because to maximize profits, you will want to hire labor up to but not exceeding the point where labor begins to experience diminishing marginal returns.
C. The marginal product because it measures the effect the last person hired has on output, or total product. This helps determine the revenue generated by hiring an another worker, which can be compared with the cost of hiring an another worker.
D. The average product of labor because productivity is maximized when average product is maximized. This determines the output where revenue and profit are maximized.
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3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders
Answers
Answer: D
Explanation: Had this test before
Answer:
d
Explanation:
]
If the credit balance of the Allowance for Doubtful Accounts account exceeds the amount of a bad debt being written off, the entry to record the write-off against the allowance account results in: Group of answer choices
Answers
Answer:
d.No effect on the expenses of the current period.
Explanation:
In the case when the credit balance of the allowance for doubtful debt more than the bad debt amount i.e. written off
So the entry for writing off against the allowance would result in no effect on the expense for the present period
As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct
Why are traditional organizational structures not as workable as they once were?
Increased unemployment
Changes in knowledge levels
Changes in workforce values
Changes in skill levels
Answers
Traditional organizational structures are not as workable as they once were due to changes in workforce values.
As the workforce has become more diverse and inclusive, individuals have different expectations of their work environments. The rigid hierarchy and top-down approach of traditional structures can be seen as inflexible and limiting to employees who value autonomy and the ability to contribute in meaningful ways.
Additionally, advancements in technology and changes in knowledge levels have led to new forms of work, which may not fit neatly into traditional structures. As a result, organizations have had to adapt to more flexible structures that allow for greater collaboration, innovation, and employee empowerment.
These new structures often feature flatter hierarchies, cross-functional teams, and greater emphasis on employee development and engagement.
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In Rovamia, a developing country, companies often had to compromise on quality and cost earlier to make their products affordable to consumers. However, with the increase in per capita income of the country, companies can now maintain the quality of their products without lowering price. Identify a factor that best describes the reason for this shift in Rovamia.
Answers
Answer:
economic growth
Explanation:
Here are the options
Ethical growth
Cultural evolution
Political clash
Economic growth
Economic growth can be described as the rise in the real gross domestic product of an economy overtime. It is the increase in the wealth of a nation overtime.
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Per capita income = real GDP / population
per capita GDP measures the standard of living of people in a country. The higher the per capita income, the higher GDP is and the higher the standard of living is.
If per capita income of Rovamia increases, it means that the gross domestic product has also increased and economic growth has occurred.
Question 5
A company that sells ownership shares to many investors is a
Answers
Answer:
Corporation.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity.
Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.
Additionally, a corporation that its stock is being traded in a public market is required to report earnings per share on their income statement.
Gracie co. Has current assets of $32,000, long-term assets of $58,000, current liabilities of $14,000, and long-term liabilities of $20,000. Calculate stockholders’ equity.
Answers
The equity of the stockholders will be $56,000.
What exactly is stockholder equity?
Stockholders' equity, also known as shareholders' or owners' equity, is the number of assets accessible to shareholders after all liabilities have been paid. It is measured as a firm's total assets less total liabilities, or as the sum of share capital and retained earnings less treasury shares.
Stockholders' equity may include common stock, paid-in capital, retained earnings, and treasury stock. Stockholders' equity can be used to evaluate the cash held by a company. If this value is negative, it may signal that the company is about to declare bankruptcy, especially if it has a substantial debt load.
Calculation:
Gracie Co. has $32,000 in current assets, $58,000 in long-term assets, $14,000 in current liabilities, and $20,000 in long-term liabilities. Determine the equity of investors.
32,000 + 58,000 = 90,000 in assets
14,000 liabilities = 20,000 liabilities = 34,000 liabilities
Liabilities plus stockholder equity equals assets.
or:
Stockholder equity equals assets minus liabilities.
90,000 - 34,000 = shareholder equity
$56,000 in shareholder equity.
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3.1.5. Discuss the characteristics of a mixed Economy.
Answers
Answer:
A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals
Explanation:
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Earning and Spending Unit Test
What is typically included in COGS? (1 point)
O raw materials
O storage costs for the inventory
O wages associated with creating the item
O All of the answers are correct.
Answers
Answer:
all the answers are correct
Explanation:
The cost of goods sold include raw materials, storage cost for inventory, and wages. The correct option is D.
COGS include raw materials, inventory storage costs, and wages associated with creating the item. D is the correct answer.
What is covered by a service provider's COGS?It encompasses any expense directly related to creating a good or providing a service. These expenses can cover labour, supplies, and shipping. The goal of COGS is to quantify all variable expenses that are directly related to producing a good or providing a service.All direct expenses incurred to produce the goods a business sells are included in COGS. The majority of these expenses are the product's variable manufacturing costs, such materials and labour, although others may be fixed expenses, like factory overhead.Costs of Goods Sold (COGS) are the expenses incurred over a specific time period to produce your goods. COGS is calculated as starting inventory less purchases minus ending inventory.To Learn more About COGS, Refer:
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While training for best practices is a good example of Classical Management, it's also A. time saving B. time expensive C. waste reducing 4
Answers
Time saving is a good example of Classical Management . The division of labour is one benefit of the classical management method. Larger projects are divided into manageable, smaller jobs.
What is another name for classical management?Early in the 20th century, scientific management theory—also known as classical management theory—became widely accepted and placed a focus on raising employee productivity. The traditional theory of management, which Frederick Taylor developed, promoted a systematic examination of the tasks and the personnel in charge of them.
What is modern traditional management?The neoclassical theory is a broad adaptation of the classical theory that takes behavioural science into account when managing a company. According to this view, an organisation is a social system, and human actions have an impact on how well it functions.
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Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Answers
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a process that aids in the formation of short-term and distinct plans that aid in the fulfillment of long-term plans for a business, organization, or individual.Strategic planning helps firms determine and implement long-term plans based on company objectives.Tactical planning has multiple components.Breaking down organizational goals that are longer than two or three years, for example, and constructing a goal-oriented calendar with short-term targets, such as a target for the next three or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.