Planning Is the Process of Developing a Sequence of Activities

question 88

Multiple Choice

Planning is the process of developing a sequence of activities that is intended to ________.

• A) establish a vision
• B) create competitiveness
• C) achieve a goal or move toward an imagined future state
• D) produce a mission statement that defines an organization's goals and purpose

---

Definitions:

Decrease

A reduction in quantity, size, or intensity of something, often reflected in financial metrics and asset values.

Business Transaction

An economic event or activity that changes the financial position or the assets and liabilities of a company.

Utility Expenses

Costs incurred by a business or individual for basic utilities such as water, electricity, gas, and sewage services.

Owner Investment

Capital put into a business by the owner(s) separate from earnings or loans, typically to start or grow the business.