Periodic Comparisons Between Planned Objectives and Actual Performance Are Reported

question 48

Multiple Choice

Periodic comparisons between planned objectives and actual performance are reported in

• A) zero-base reports
• B) budget performance reports
• C) master budgets
• D) budgets

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Definitions:

Environmental Scanning

Systematic monitoring of the major external forces influencing the organization.

External Forecasting

External forecasting involves predicting future trends and the impact of external factors on an organization's operations, including market demand, economic conditions, and technological changes.

Strategic Planning Process

A methodical approach to imagining a preferred future and converting this vision into general goals or objectives along with a series of actions to reach them.

Strategic Intent

A declaration of the course an organization plans on taking to achieve its longer-term goals. It focuses on aligning organizational resources and energies towards a unified goal.