A Major Strength of Formal Planning Is That It Reinforces

question 18

True/False

A major strength of formal planning is that it reinforces past successes and incorporates them into the future.

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Definitions:

Economic Value

The worth of a good or service determined by the benefit it provides weighed against its cost.

Social Value

The importance or benefit that something provides to society or a specific community group, often beyond economic value.

CSR

Corporate Social Responsibility involves companies taking responsibility for their impact on social, environmental, and economic issues.

Social Issues

are problems that affect a large number of people within a society, often relating to matters of equality, justice, or the wellbeing of the community.