Planning Includes

question 82

Multiple Choice

Planning includes

• A)analyzing current situations.
• B)determining rewards for goals achievement.
• C)attracting people to the organization.
• D)motivating employees.
• E)implementing necessary changes.

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Definitions:

Expenses

Costs incurred during the operation of a business that are necessary for generating revenue, such as rent, salaries, utilities, and materials.

Residual Value

The estimated value of a fixed asset at the end of its useful life.

Useful Life

The estimated lifespan of a depreciable asset during which it can be expected to contribute to company operations.

Average Rate of Return

A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.