Which of the Following Is the First Step in the Planning

question 120

Multiple Choice

Which of the following is the first step in the planning process?

• A) analyzing alternatives and making a plan
• B) defining the objectives
• C) implementing the plan and evaluating results
• D) determining where one stands vis-à-vis objectives
• E) developing premises regarding future conditions

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Definitions:

Investment Turnover

An indicator of how effectively a corporation utilizes its assets to produce sales or income.

Return On Investment

A profitability measure that calculates the return of an investment relative to its cost.

Profit Center

A division or segment of a company that is responsible for generating its own revenue and profit.

Residual Income

The income that remains after all personal debts and expenses have been paid, or in business, after all capital costs are deducted from net revenues.