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What step in the strategic planning process is a manager engaged in when he or she asks this question: "What values will define it?"
Desired Rate of Return
The minimum percentage return an investor expects to achieve on an investment, influencing the choice of investment.
Straight-Line Depreciation
An approach to distribute the cost of a tangible asset evenly over each year of its expected life.
Fixed Asset
Long-term tangible property or equipment that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.
Cash Payback Method
A capital budgeting technique that estimates the time required to recoup the initial investment in a project, using cash inflows.
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