question_answer

"In financial plans, the risk-return trade-off is very common. The more risky the investment, the higher the returns it is likely to give. To evaluate such proposals, detailed calculations of earnings, earnings per share, interest, taxes, dividends are made and decisions taken." Identify the step of planning function of management highlighted above.

A) Setting objectives

B) Developing premises

C) Identifying alternative courses of action

D) Evaluating alternative courses