Which of the Following Is Not Necessarily a Benefit of Planning

question 18

Multiple Choice

Which of the following is not necessarily a benefit of planning?

• A) It provides a way to track progress and assess achievements.
• B) It helps to motivate staff, increase morale and raise employee job satisfaction.
• C) It helps with identifying and concentrating on important issues.
• D) It helps to coordinate people's efforts and skills.
• E) It helps with anticipating and preparing for change.

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Definitions:

Present Value

The modern-day value of a potential future sum of money or sequence of financial inflows, accounting for a particular return rate.

Registered Education Savings Plan

A tax-advantaged savings account in Canada designed to help save for a child's post-secondary education.

Compounded Semi-annually

Involves calculating and adding interest to the principal amount of an investment or loan twice per year, leading to compound growth over time.

Semi-annual Withdrawals

Withdrawals made twice a year from an account or investment.