The manager of a student fund-raising project announced that the project has made a loss of $5000 and that their upcoming project must raise more funds to recover the loss.This is an example of a(n):
A)externalization.
B)balanced scorecard.
C)small win.
D)gap analysis.
E)process goal.

Question

Quizplus · Accepted Answer

This situation is an example of gap analysis because the manager is identifying a gap between the current financial situation (a loss of $5000) and the desired financial situation (breaking even or making a profit). The manager will need to analyze why the project made a loss and identify ways to bridge the gap in the upcoming project.

The Manager of a Student Fund-Raising Project Announced That the Project