________ Is the First Step in the Planning Process According

question 9

Multiple Choice

________ is the first step in the planning process according to a Model diagram in the book.

• A)Implementing
• B)Gathering and analyzing information
• C)Awareness
• D)Evaluation

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Definitions:

Sale of Goods Act

is a legal statute that governs the sale of goods, providing rights, duties, and obligations for both buyers and sellers in a transaction.

Risk

Risk involves the possibility of losing something of value or the potential for an action or event to lead to an undesired outcome, often quantified in terms of probability and impact.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable by endorsement.

Significance

The importance or meaning attached to something, often relevant in the context of making legal, social, or scientific determinations or judgments.