Planning Can't Eliminate Change

question 32

Multiple Choice

Planning can't eliminate change. Managers plan in order to___________ .

• A) decide what needs to be done when a change in environments happen
• B) be prepared for when changes in management at the top occurs
• C) have the appropriate materials available when the demand for them comes about
• D) anticipate changes and develop the most effective response to changes

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Definitions:

Investing Activities

Investing Activities are financial transactions related to the acquisition or disposal of long-term assets and investments not related to the entity's primary operations.

Financing Activities

Transactions that involve raising capital or repaying funds, such as issuing stock or taking out loans.

Operating Activities

Transactions and events that affect net income, related to the primary operations of the business.

Contingent Activities

Contingent activities are actions or events that may occur but their happening is dependent upon certain conditions or situations being met.