The Final Step in the Planning Process Is to

question 72

Multiple Choice

The final step in the planning process is to

• A)evaluate results.
• B)set goals and objectives.
• C)formulate strategies.
• D)establish forecasting methods.
• E)implement recruiting methods.

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Definitions:

Capital Account Balances

The financial records that show the contributions, withdrawals, and ownership interest of investors in a company.

Initial Investment

The amount of money used to start a project, purchase an asset, or initiate operations in a new business.

Book Value

The value of an asset according to its balance sheet account balance, taking into consideration the cost of the asset minus depreciation.

Total Net Assets

The sum of all assets minus the liabilities, representing the owner's equity in a company.