All of the Following Are Part of the Planning Function

question 28

Multiple Choice

All of the following are part of the planning function EXCEPT:

• A) Analyzing a situation.
• B) Establishing objectives.
• C) Checking to determine whether operations are adhering to established plans.
• D) Deciding which actions to take to achieve objectives.

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Definitions:

Return On Investment

A metric to assess the effectiveness or profit generated by an investment in comparison to its expense.

Net Operating Income

Net operating income is the total profit of a company derived from its regular, core business operations, excluding deductions for interest and taxes.

Average Operating Assets

Average operating assets are the mean value of the resources employed in a company's operations over a certain period, used to evaluate the efficiency of asset use in generating revenue.

Residual Income

The amount of income that an individual or company retains after all operating expenses and charges, including cost of capital, have been deducted.