Many Organizations Mistakenly Spend More Time and Effort on the Implementation

question 117

True/False

Many organizations mistakenly spend more time and effort on the implementation of a plan, than on the formulation of the plan itself.

---

Definitions:

Unemployment Compensation

Financial payments provided to individuals who have lost their jobs until they find new employment.

Consumption Expenditures

The total amount spent by consumers on goods and services for personal use, often considered a major component of gross domestic product (GDP).

Short Run

A period in economics where the quantities of some inputs or resources cannot be changed.

Unemployment

A situation where individuals who are capable of working and willing to work at prevailing wage rates cannot find employment.