A well conceived plan allows managers to have the ability to
A)stay with the pre-existing plan when things start to change for the better.
B)leave the system and let the plan continue on its own.
C)underestimate the costs so that actual operating results will be favourable when comparisons are made.
D)take advantage of unforeseen opportunities.
E)stay the course regardless of the outcome.

Question

Quizplus · Accepted Answer

A well-conceived plan prepares managers to take advantage of unforeseen opportunities that may arise. By having a clear understanding of goals and objectives, managers can be prepared to pivot the plan when opportunities arise, rather than being locked into a rigid plan that does not allow for flexibility. Additionally, a well-conceived plan should include contingency plans for potential challenges and obstacles, allowing managers to adapt and adjust as needed while still working towards their goals.

A Well Conceived Plan Allows Managers to Have the Ability