The Process of Determining How an Organization Can Get Where

question 38

Multiple Choice

The process of determining how an organization can get where it wants to go and what it will do to accomplish its objectives is known as ________.

• A)organizing
• B)influencing
• C)planning
• D)controlling
• E)analyzing

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Definitions:

Gain On Sale

The profit that results from selling an asset for more than its purchase price.

Net Income

The total earnings or profit of a company after all expenses and taxes have been deducted from total revenue.

Retirement Of Debt

The process of paying off or settling a debt obligation, either through periodic payments over time or a lump sum payment.

Accumulated Depreciation

The cumulative sum of depreciation costs recorded for a fixed asset since its initial use.