Philippe Wants to Make Sure of the Success of His

question 110

Multiple Choice

Philippe wants to make sure of the success of his new doggy day care, PAWS, by employing the steps in the basic planning process. To initiate the process, what kinds of activities should we expect Philippe to be performing?

• A)collecting data about competition, his financial position, and needs of local dog owners
• B)generating alternative plans in case he finds out that this business isn't viable after all
• C)evaluating the potential advantages and disadvantages of generating alternative plans
• D)selecting the strongest goals based on the financial position of the dog care competition
• E)implementing the plans designed to achieve the goal of the doggy day care's success

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Definitions:

SEC

United States Securities and Exchange Commission, the federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Stock Options

Contracts that give the holder the right, but not the obligation, to buy or sell a stock at a set price within a specified period.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.

Grant Date

In the context of stock options, the grant date is the date on which an employee is given the right to exercise their options at a set price.