The purpose of strategic planning is to find ways in which your company can best use its strengths to take advantage of attractive opportunities in the environment

A firm's net income is a true representation of cash flows available to the stockholders

Indicate whether the statement is true or false

A quality control manager is given the task of evaluating what went wrong with the Pest Eradication Device. She announced that the goal of her investigation is to determine whether the project manager or the executive is correct

Which of the following is the best evaluation of this goal? A) It is a well-chosen goal because failure to plan effectively typically results in missed deadlines, going over budget, and badly designed products. B) It is a well-chosen goal because choosing the appropriate amount of planning guarantees that planning will not be excessive. C) It is a poorly chosen goal because it fails to account for the possibility that planning was insufficient in some aspects and excessive in others. D) It is a poorly chosen goal because the Pest Eradication Device has already failed, and determining the causes of that failure will not make the project a success. E) It is a poorly chosen goal because even projects that are planned well can fail because of changes in the external environment that were impossible to anticipate.