The Last Step in the Planning Process Is to ________

question 42

Multiple Choice

The last step in the planning process is to ________.

• A)put the plans into action
• B)evaluate the organizational goals
• C)choose the best alternative for reaching objectives
• D)develop the premises upon which each alternative is based
• E)state the organizational objectives

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Definitions:

Compounded Annually

The calculation of interest on the initial principal, which includes all accumulated interest from previous periods on a deposit or loan.

Compounded Semi-annually

Refers to the process where interest is added to the principal balance of an investment or loan twice a year, resulting in the interest earning interest.

Perpetuity

A financial instrument that pays a fixed amount of money indefinitely, with no end date.

Annually Compounded

A method of calculating interest where the interest is added to the principal sum once a year, resulting in interest on interest.