Planning Is Concerned Only with Organizational Success in the Short

question 2

True/False

Planning is concerned only with organizational success in the short term, while organizing is concerned with the more distant future (long term).

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Definitions:

Retained Earnings

The portion of net income that is retained by a corporation rather than distributed to its shareholders as dividends, often used for reinvestment.

Other Comprehensive Income

A component of shareholders' equity that reflects the changes in net assets of a company not recognized in the profit or loss for a period.

Cumulative Preferred Stock

A type of preferred stock where dividends not paid in full accumulate and must be paid out before any dividends can be distributed to common stockholders.