The Difference Between Revenue and Cost During a Single Year

question 28

Multiple Choice

The difference between revenue and cost during a single year of a project's life is called the:

• A) interest rate.
• B) net present value.
• C) net cash flow.
• D) profit.

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Definitions:

Standing Plans

Pre-established policies, procedures, and rules designed to guide actions and decision-making in an organization's recurring situations.

Strategic Plans

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Single-use Plans

Specific plans developed to achieve a particular goal that is not expected to recur, used for unique or non-routine situations.

Strategic Plans

Documents or frameworks that outline an organization's long-term goals and the actions needed to achieve them, taking into account external and internal environments.