Once Alternative Goals and Plans Have Been Identified, the Next

question 110

Multiple Choice

Once alternative goals and plans have been identified, the next step in the formal planning process is

• A) The situational analysis.
• B) Goal and plan evaluation.
• C) Implementation.
• D) Monitor and control.
• E) Goal and plan selection.

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Definitions:

Retained Earnings

is the portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or debt payment.

Date of Record

The specific date set by a corporation on which the shareholders must be on the company's books in order to receive a declared dividend or participate in a corporate action.

Cash Dividends

Payments made by a corporation to its shareholder members from its profits or reserves.