___ Requires That the Planning Process Include People Who Will

question 173

Multiple Choice

___ requires that the planning process include people who will be affected by the resulting plans and/or will be asked to help implement them.

• A) Contingency planning
• B) Scenario planning
• C) Strategic planning
• D) Participatory planning
• E) Benchmarking

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Definitions:

Manufacturing Machinery

The equipment and machines used in the process of producing goods in manufacturing facilities.

Future Cash Flows

Estimates of future financial transactions that involve the inflow or outflow of money from a particular operation or investment.

Present Value

The current worth of a future sum of money or stream of cash flow given a specified rate of return.

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from that moment on.