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Nikitich [7]
3 years ago
9

A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline, dependin

g on relative demand. This is an example of _____ planning.
Business
1 answer:
irina1246 [14]3 years ago
6 0

Answer:

Strategic planning is the correct answer

Explanation:

Strategic planning is the plan that is established to analyze the business and to set objectives to reach the goal of the organization.

Strategic planning helps the organization in taking the decision and changing the process when required for the success of the organization.

Steps involved in Strategic planning are

  • To set a goal to clarify the vision of the business.
  • to gather and analyze the information.
  • To formulate and implement the strategy.
  • Evaluate and monitor performance.
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Answer:

B. $183,000

Explanation:

Calculation to determine The amount of cash that will be collected in July is budgeted to be

Budgeted collection in July = July sales (190,000*35%) + June sales (210,000*45%) + May sales (110,000*20%)

Budgeted collection in July =$66,500 +$94,500 + $22,000

Budgeted collection in July=$183,000

Therefore The amount of cash that will be collected in July is budgeted to be $183,000

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B. reduces the number of available job opportunities

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c. interest rates on bonds of different maturities move together over time.

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