Managers Should Attempt to Collect and Use All Available Information

question 50

Multiple Choice

Managers should attempt to collect and use all available information in the organization's planning process.This emphasizes the ______________ aspect of planning.

• A) unity
• B) flexibility
• C) continuity
• D) accuracy
• E) synergy

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Definitions:

Adjustable-Rate Mortgage

A home loan with an interest rate that can change periodically based on changes in a corresponding financial index.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the earnings from lending money.

Fixed-Rate Mortgage

A mortgage loan with an interest rate that remains unchanged for the entire term of the loan.

Adjustable Rate

This term often refers to a type of interest rate on a loan that can fluctuate over time, usually in accordance with a specified financial index.