Why Should Development Projects Be Planned Carefully

question 74

Multiple Choice

Why should development projects be planned carefully?

• A) To overcome poverty
• B) To end a cycle and start a new one
• C) To utilize scarce resources effectively
• D) To report benefits to stakeholders
• E) To be appraised in the short term

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information about economic entities.

Recording

The act of documenting financial transactions in the books of accounts as part of the accounting process.

Transactions

Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.