A Gap or Difference Between Expectations and Reality Defines

question 21

Multiple Choice

A gap or difference between expectations and reality defines

• A)process needs.
• B)incongruities.
• C)demographic changes.
• D)changes in perception.

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Definitions:

End-of-Year

A term that refers to the conclusion of a fiscal or calendar year, a time often used for accounting and inventory purposes.

Additional Costs

Additional costs refer to expenses that are not typically included in the initial budget or cost estimates, such as unexpected fees, charges, or overheads.

Plant Assets

Long-term tangible assets that are used in the production of goods and services and are not intended for resale.

Productive Capabilities

The capacity of a system, entity, or resource to produce goods or services of value, often influenced by technological, human, and physical resources.