Continuous Planning Is Not Necessary, Because Plans That Worked Well

question 115

True/False

Continuous planning is not necessary, because plans that worked well in the past are likely to continue to work well in the future.

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Definitions:

Opportunity Cost

The budgetary repercussion of passing on the subsequent top pick when decisions are taken.

Point A

A specific location or position in any defined space or context, often used in diagrams to represent particular points in economic models or graphs.

Point B

Often used in graphs or models to denote a specific location, point, or situation being analyzed or referenced.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.