____ refers to the time elapsed between the formulation and the execution of a planned activity.

A) Time gap
B) Planning horizon
C) Junction
D) Wasted time
E) Critical path gaps

Planning Horizon

The future time period over which an organization or individual plans, makes decisions, and forecasts outcomes.

Planned Activity

Planned activity refers to tasks or operations that are deliberately organized and scheduled in advance, aiming to achieve specific goals or outcomes.