Plan of action; how an organization meets its opportunities and capabilities is classified as
A. action plan
B. strategy
C. step wise plan
D. complex plan
Answer: Option B
Solution(By Examveda Team)
Plan of action; how an organization meets its opportunities and capabilities is classified as strategy. Strategy is a high level plan to achieve one or more goals under conditions of uncertainty.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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