The First Step in the Activities Planning Process Is To

question 56

Multiple Choice

The first step in the activities planning process is to:

• A) determine the priority of each activity to be performed.
• B) estimate time needed to complete each activity.
• C) list the activities that need to be performed.
• D) develop a time schedule for performing activities.
• E) spend more time on low-priority activities.

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Definitions:

Costs Equals Revenues

This refers to a break-even point where the amount of money a company makes from selling goods or services equals the amount it costs to produce them.

Break-even Analysis

An examination to determine the point at which revenue received equals the costs associated with receiving the revenue.

Capacity Decision

Decision-making relating to the amount of resources, such as production volume or manpower, necessary to meet a specified demand.

Bottlenecks

Points of congestion or obstruction in a system, process, or organization where the flow is significantly slowed or stopped, leading to inefficiency or delays.