In the ________ Stage of the Formal Planning Process, Managers

question 33

Multiple Choice

In the ________ stage of the formal planning process, managers should pay careful attention to the cost of any initiative and the investment return that is likely to result.

• A)goal and plan evaluation
• B)goal and plan selection
• C)implementation
• D)monitor and control
• E)situational analysis

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Definitions:

Savings Account

A deposit account held at a bank or financial institution that pays interest but typically has limited transactions.

Loan

Borrowed money that is expected to be paid back with interest to the lender, according to agreed terms and conditions.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, representing profits exceeding the opportunity costs of all resources used by a firm.

Accounting Profits

The net income of a company as calculated by subtracting total expenses from total revenues, in accordance with accounting principles.