Which of the Following Is NOT a Reason for Failure

question 38

Multiple Choice

Which of the following is NOT a reason for failure of plans?

• A) Responsibility for planning is wrongly vested solely in the planning department.
• B) Management expects that plans developed will be realized with little effort.
• C) Financial projections are confused with planning.
• D) Adequate inputs are used in the planning.
• E) Management fails to grasp the overall planning process.

Analyze the effects of cost behavior on decision making.

Understand the concept of telecommuting and its advantages for both employees and organizations.

Identify different types of nontraditional work schedules and their characteristics.

Distinguish between freeloader, free agent, freelancer, telecommuter, and job sharer roles.

---

Definitions:

Average Cost Formula

A method for determining the cost of inventory by dividing the total cost of goods available for sale by the total number of units available for sale.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, after accounting for sales and purchases during the period.

FIFO

"First In, First Out," an inventory valuation method where goods first bought are the first ones sold, affecting the cost of goods sold and inventory on financial statements.

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold at the end of an accounting period.