The Programs Developed in the Strategic-Choice Stage of the Process

question 79

Multiple Choice

The programs developed in the strategic-choice stage of the process are put into practice in the ________ stage.

• A)forecasting
• B)program-implementation
• C)goal-setting
• D)evaluation
• E)program feedback

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Definitions:

Expenses

Costs incurred in the process of earning revenue, typically reflected in the income statement to calculate net income.

Financial Information

Data relating to the financial status, performance, and changes in financial position of an entity.

Revenues

The cumulative income derived from transactions involving goods or services tied to the main business functions.

Expenses

Costs incurred by a business in the process of earning revenue, which are not directly tied to the production of goods or services.