A well-conceived plan allows managers the ability to ________.
A) not make decisions again until the next planning session
B) keep lower-level managers from implementing change
C) underestimate costs so that actual operating results will be favorable when comparisons are made
D) take advantage of unforeseen opportunities

Question

Quizplus · Accepted Answer

A well-conceived plan allows managers the ability to take advantage of unforeseen opportunities by providing a framework and direction for decision-making. While it is possible that a plan may include cost estimates, underestimating costs is not a desirable or ethical practice. Furthermore, a plan should not be used as a reason to avoid decision-making until the next planning session, and should instead be viewed as a dynamic tool that can be updated and adjusted as needed.

A Well-Conceived Plan Allows Managers the Ability to ________