The Process of Identifying,evaluating,and Selecting Projects That Require Substantial Amounts

question 30

Multiple Choice

The process of identifying,evaluating,and selecting projects that require substantial amounts of resources and are expected to generate benefits for many years into the future is called:

• A)strategy formulation.
• B)strategic planning.
• C)capital budgeting.
• D)operational budgeting.

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Definitions:

Social and Political Pressures

External forces from society and governmental entities that influence an organization's or individual's decisions and actions.

Technological Advancements

Describes the progressive development in technology, leading to new inventions and improvements in existing technologies.

Unfreezing

The initial phase in the process of change, where existing beliefs and behaviors are questioned, making room for new ways of thinking.

Lewin's Basic Change Model

A theoretical framework by Kurt Lewin that describes organizational change as a process of unfreezing, changing, and refreezing behavior and practices.