Improving Future Plans Is Part of Which Step in the Planning/control

question 8

Multiple Choice

Improving future plans is part of which step in the planning/control cycle?

• A)Making the plan.
• B)Carrying out the plan.
• C)Benchmarking against competitors.
• D)Controlling the direction.
• E)Updating the plan.

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Definitions:

Winding Up

The process of liquidating a company's assets and distributing the proceeds to creditors and shareholders, effectively closing the business.

Optimize Return

To make adjustments or take actions that maximize the benefits or profits gained from an investment or activity.

Dissociates

The act of separating or detaching oneself from a legal, business, or personal relationship.

Limited Liability Company

A legal entity where the owners are protected from personal liability for the debts of the company beyond their initial investment.