Business Planning ________

question 86

Multiple Choice

Business planning ________.

• A)is only necessary in large organisations
• B)identifies and builds on the firm's strengths,and helps managers at all levels to make informed decisions
• C)will be based only on the economy of the world
• D)is a phrase that really has no meaning
• E)will cause management to deal with only current planning issues

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Definitions:

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, typically expressed on an annual basis.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, important in discounting and investment decision making.

Equal Payments

Regular payments of the same amount, typically used in loan repayment or installment plans.