Plans Are Documents That Outline How Goals Are Going to Be

question 30

Multiple Choice

Plans are documents that outline how goals are going to be met and ________.

• A) identify how much capital is required to complete the goals
• B) tell what materials and processes are necessary to fulfill the goals
• C) describe resource allocations, schedules, and other necessary actions to accomplish the goals
• D) define which department has what responsibilities needed to accomplish the goals

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Definitions:

Cash Inflows

The total amount of money being transferred into a business, usually from its operations, investments, or financing.

Capital Outlay

Expenditures for acquiring or upgrading physical assets such as equipment or property.

Average Rate of Return

A measure of the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Present Values

The current valuation of a future financial gain or series of payments, after applying a specific return rate.