CMA adapted Wong Company uses both strategic planning and operational budgeting. Which of the following items would
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CMA adapted Wong Company uses both strategic planning and operational budgeting. Which of the following items would normally be considered in a strategic plan?
a. setting a target of 12 percent return on sales
b. maintaining the image of the company as the industry leader
c. setting a market price per share of stock outstanding
d. distributing monthly reports for depart- mental variance analysis
e. tightening credit terms for customers to 2/10, n/30
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