Generally speaking, formal planning is associated with _____________.
A) higher costs
B) lower return on assets
C) higher waste of time
D) shorter time frames
E) higher profits

Question

Quizplus · Accepted Answer

Formal planning is generally associated with higher profits as it involves a structured approach to setting goals, developing strategies, and monitoring progress towards achieving business objectives. It helps organizations to identify areas of improvement, align resources, and stay focused on long-term goals, leading to higher profitability in the long run.

Generally Speaking, Formal Planning Is Associated with _____________