__________ Is the Process of Anticipating Future Events and Determining

question 91

Multiple Choice

__________ is the process of anticipating future events and determining strategies to achieve organizational objectives in the future.

• A) Divesting
• B) Planning
• C) Holding
• D) Harvesting

---

Definitions:

Profit Potential

The capacity or likelihood for a business venture to generate earnings over costs.

Balance Sheet Method

A financial accounting strategy for valuing assets or determining net worth by comparing what is owned to what is owed.

Holdback Money

Funds retained by one party in a transaction as security or leverage until certain conditions are met.

Tax Liabilities

Financial obligations imposed by governments that are required to be paid, such as income tax, corporate tax, and sales tax.