Which of the Following Is NOT an Advantage That Planning

question 37

Multiple Choice

Which of the following is NOT an advantage that planning offers?

• A) Ensuring success
• B) Helping us to sharpen our focus
• C) Increasing our flexibility
• D) Avoiding complacency

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Definitions:

Revenue

The result of the price charged to customers multiplied by the number of units sold.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Business Operation

The day-to-day activities and processes undertaken by a company to produce goods and provide services, maintain workflows, and generate profits.

Expenses

Costs incurred by a business in its operational activities.