Which of the Following Is the First Step of a Needs

question 2

Multiple Choice

Which of the following is the first step of a needs assessment?

• A) Literature review
• B) Identification of individuals who have an invested interest in the project
• C) Identification of the population affected by the problem
• D) Assessment of the organizational setting

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Definitions:

Financial Planning Models

Quantitative models used in financial planning to forecast the financial performance and needs of a business under various conditions.

Forecasting Sales

The process of estimating future sales revenue over a specific period, based on historical data, market analysis, and other factors.

Manufacturing Overhead

All indirect costs associated with manufacturing, including utilities, supervision, and maintenance of equipment, not directly tied to a specific product.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and labor directly involved in production.