The planning cycle is represented with six steps in our text, but in practice, it has innumerable steps, with many steps that are repeated and reviewed as events unfold, just as a driver checks the map or GPS frequently.
The planning cycle defines the specific goals and shows that how the goals support the vision and mission. Here, the goals should be stated in measurable terms wherever possible.
Planning, and in fact all of the management functions involved, is a cycle which is known to be within a cycle. As for most of the organizations, new goals are continually being made or existing goals may get changed, or new events may get unfold so there planning never ends.
Hence, the planning cycle takes innumerable steps.
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The answer to the question is (B) a need for firms to consider the economic impact of their existence and/or departure from a particular location.
When deciding to move from a location, firms tend to only consider the benefit that the company gains by making this decision, especially in terms of revenue or profit. Oftentimes, the company does not consider how the communities living around the company – which often also includes the workers – are impacted by this decision.
If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: <u>regressive.</u>
<h3>What is
tax ?</h3>
- Taxes refer to a mandatory contributions collected by government agencies from businesses.
- Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
- Collecting taxes and fees is a fundamental way to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. .
- Derived from the Latin taxare, meaning "to assess".
- Prior to that, the related word "task" was used in English from Old French.
- For some time both "tasks" and "taxes" were in common use, the former requiring labor and the latter requiring money.
- "Control" then came to mean tiring or challenging.
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The accounting principle that was made is called matching. At
the end of the fiscal year, the usual adjusting entry for depreciation on
equipment was omitted, total assets will be understated at the end of the
current year. Income Summary will be close to retained earnings at
the end of fiscal year accounts will be closed to the retained earnings
account.