Which of the following is an advantage of spending more time on planning?
A) Reduced rework
B) It is more intuitive
C) A stronger focus on the writing effort
D) Easier distribution
E) Adaptability to a variety of mediums
A
Explanation: A) Reserving half your time for planning might seem excessive, but careful planning usually saves time overall by focusing your writing and reducing rework.
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Managerial accounting includes the planning function. Which of the following items would be part of the planning function of a business's managerial accounting?
A) comparing actual performance to previously budgeted amounts B) creating detailed budgets C) implementing operational plans D) evaluating results of operations
Why would a company seek to define its target market as a component in creating the company's marketing strategy?