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Which of the following is not a step in the organizational planning process?
Standard Costs
Predetermined costs for materials, labor, and overhead used in budgeting and assessing performance by comparing them to actual costs.
Inventory Decrease
A reduction in the quantity of goods held in stock by a business.
Performance Measures
are metrics used to evaluate the efficiency, effectiveness, and productivity of an operation, employee, or process.
Interest Expense
The cost incurred by an entity for borrowed funds, paid as interest to lenders or creditors.
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