Author Question: Benefits of effective planning include timely accomplishment of higher quality work and the best ... (Read 76 times)

tiffannnnyyyyyy · **on:** Jul 7, 2018

Benefits of effective planning include timely accomplishment of higher quality work and the best possible use of capital and human resources. Because planning is essential managers must be able to overcome barriers that impede planning.

What is an important point for successful organizational planning?
A) The organization can be more effective if movement within it is directed at specified goals and objectives.
B) Plans to reach a goal must be rigid and not allow for readjustment as events occur.
C) The manager should include in the planning process the leadership people of units that could be affected by the plan.
D) A global plan and outline is sufficient to encourage and motivate employees.

Question 2

The four phases of financial management are budgeting, recording, evaluating, and ____.

a. Allocating
b. Analyzing
c. Reporting
d. Reviewing

brittanywood · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

A

Answer to Question 2

C
Financial management occurs in four phases: (1) budgeting, (2) recording, (3) reporting, and (4) evaluating.