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What Is the Proper Sequence of the Phases of a Business

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What is the proper sequence of the phases of a business cycle?


Definitions:

Object Program

An object program is a compiled or assembled version of source code, ready to be executed by a computer.

Executable Program

A type of computer file that is able to be run as a program, containing code that the computer's operating system can execute.

Algorithm

A finite sequence of well-defined, computer-implementable instructions, typically to solve a class of problems or perform a computation.

Procedure

A block of code within a program that performs a specific task and is identified by a name.

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