The Process of Planning Business Actions in the near Future

question 10

Multiple Choice

The process of planning business actions in the near future and expressing them as formal plans of action is called:

• A) Budgeting.
• B) Goal congruence.
• C) Budgetary slack.
• D) Resource consumption accounting.
• E) Financial Accounting.

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Definitions:

What-If Calculations

Analytical processes used to explore the outcomes of different scenarios or decisions based on varying inputs or variables.

Gantt Chart

A visual project management tool that displays tasks or activities against time.

PERT Chart

is a project management tool used to schedule, organize, and coordinate tasks within a project, standing for Program Evaluation and Review Technique.

Critical Path Method

A project management technique that identifies the longest sequence of dependent tasks and calculates the shortest possible project duration.