An Organization Must Identify What It Wants to Do and How

question 75

Multiple Choice

An organization must identify what it wants to do and how it is going to do it.What does the "how" part of this question focus on?

• A)justification of the project
• B)definition of the project
• C)analysis of project risks
• D)expected results of the project

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Definitions:

Retained Earnings Activities

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business or kept as a reserve.

Operating Revenue

Income earned from a company's core business operations, excluding revenue from non-operating sources like investments.

Operating Activities

Involves the primary revenue-generating activities of an organization, such as sales and services, as reflected in its cash flow.

Selling Merchandise

The process of offering goods for sale to customers, often in a retail setting, which constitutes the primary revenue-generating activity of merchandising companies.