The Planning/control Cycle Has Two Planning Steps

question 69

Multiple Choice

The planning/control cycle has two planning steps. They are

• A) (1) research planning, then (2) receive feedback.
• B) (1) make the plan, then (2) set it aside for a period of time.
• C) (1) make the plan, then (2) carry out the plan.
• D) (1) review previous plans, then (2) evaluate plans.
• E) (1) research planning, then (2) look for ways to cut costs.

---

Definitions:

Transaction Costs

Expenses incurred when buying or selling securities, including broker fees, commissions, and other charges that affect the profitability of investments.

Forward Contracts

Non-standardized contracts between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Organized Exchange

A regulated marketplace for the trading of securities, commodities, derivatives, and other financial instruments.

Futures Contracts

Standardized agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.