According to the Textbook, the Two Main Drawbacks of Plans

question 161

Multiple Choice

According to the textbook, the two main drawbacks of plans are that ____ and ____.

• A)they can be discouraging if they are too rigid and detailed; they tend to be overly optimistic
• B)they can be discouraging if they are too rigid and detailed; they tend to be anxiety-provoking
• C)they tend to distract people from actually completing the tasks at hand; they tend to be overly optimistic
• D)they tend to distract people from actually completing the tasks at hand; they often fail to prioritise the most important things

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Definitions:

Journal Entry

A record in accounting that shows the economic effects of transactions on the accounts of a business.

Held-to-Maturity Debt Securities

Investments in debt securities that a company has the positive intent and ability to hold until maturity.

Financial Statements

Compiled reports that provide an overview of a business’s financial condition, including income statement, balance sheet, and cash flow statement.

Return on Total Assets

A profitability ratio that measures the net income produced by total assets during a period by comparing net income to the average total assets.