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Questions and Answers
What is a potential disadvantage of planning in an organization?
What is a potential disadvantage of planning in an organization?
- It can hinder managers' creativity and innovation if not flexible enough (correct)
- It is unnecessary for business operations
- It enhances creativity and innovation
- It always leads to accurate forecasts
What is a potential risk of relying too heavily on a plan?
What is a potential risk of relying too heavily on a plan?
- It leads to increased adaptability to new opportunities
- It promotes creativity and innovation
- It always results in accurate forecasts
- It causes severe problems in the face of changed circumstances (correct)
What is a limitation of the planning process?
What is a limitation of the planning process?
- It can be based on inaccurate forecasts (correct)
- It is always flexible and adaptable
- It is unnecessary for business operations
- It always leads to accurate forecasts
What is a potential cost of the planning process?
What is a potential cost of the planning process?
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Why is it important to weigh the costs and benefits of the planning process?
Why is it important to weigh the costs and benefits of the planning process?
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