Mayfield, Inc. withholds $720 from Stephen's paycheck for federal income tax. This amount is part of the company's payroll tax expense

_____ planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of the company.

A. Operational B. Tactical C. Corporate D. Strategic E. Personnel

Which of the following is most likely done by managers, when actual costs of a product exceed expected costs?

A) Increase the selling price of the product B) Adjust planning and decision-making strategies C) Increase the sales of the product D) Change the product costing system used