This concept is known as the scarcity principle, and it refers to the idea that resources are finite and limited, while human wants and needs are practically infinite.
This concept is at the root of all economic decision-making, as it requires individuals, businesses, and governments to choose between the various resources available and the unlimited number of wants and needs they have.
This principle drives the allocation of resources and the choices that must be made in order to fulfill the most urgent wants and needs. In essence, the scarcity principle states that in order to satisfy some wants, other wants must be left unfulfilled.
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high taxation, excess regulation, and limited choices in a business environment are likely to result in a(n) _____. a. decrease in entrepreneurial activities
b. increase in the level of personal freedom
c. increase in global d. trading social crisis
High taxation, excess regulation, and limited choices in a business environment are likely to result in a decrease in entrepreneurial activities. Option A.
The imposition of taxes by the government on individuals or groups of people is known as taxation. Every country in the world levies taxes, which, although also achieving other goals, are primarily meant to finance government spending.
High taxes, extensive regulation, and limited business possibilities will likely result in less entrepreneurship. Therefore, a fall in entrepreneurial activities is likely to be brought on by high taxes, an overreliance on regulations, and a lack of options in the overall economic environment.
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A German automobile company produces cars in the United States, some of which are exported to other nations. If the price of these cars increases, the GDP deflator a. and the CPI will both increase. b. will increase and the CPI will be unchanged. c. will be unchanged and the CPI will increase. d. and the CPI will both be unchanged.
A German automobile company produces cars in the United States, some of which are exported to other nations. If the price of these cars increases, the GDP deflator and the CPI will both increase. In this case Option A is correct.
Implicit price deflator, also known as the GDP deflator, is a gauge of inflation. It is the difference between the value of goods and services an economy produces in a given year at current prices and the value produced at prices that were in effect in the base year.
This ratio aids in demonstrating how much of the increase in GDP is attributable to higher prices rather than an increase in output.
The deflator is viewed as a more complete measure of inflation because it takes into account the full range of goods and services produced in the economy.
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Forensic accounting is an exciting career where accountants work closely with law enforcement to collect evidence of criminal activity. What kind of activities do you think a forensic accountant is likely to do—what kind of work do they engage in that helps them catch criminals? What personality traits or skills do you think would help make for a good forensic accountant?
Forensic science is the use of scientific methods or expertise to investigate crimes or examine evidence that might be presented in a court of law.
What is the meaning of Law?A society or government creates the law as a set of regulations to address issues like crime, contracts, and interpersonal interactions. You can also refer to the individuals who work within this system as following the law.
Within the colonial-era legal framework, India's legal system combines civil, common law, and customary, Islamic ethical, or religious law. A number of British-introduced laws are still in force today in somewhat modified versions.
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According to the value-percept theory, for an employee to have high supervision satisfaction, which of the following is not critical? A. Supervisor's likeable nature
B. Rewards and recognition for good performance
C. Supervisor's ability to help the employee attain what he or she values
D. Supervisor's values and beliefs
E. Supervisor's salary
The right reply is E) Supervisor's salary, According to value-percept theory, for an worker to have excessive supervision pleasure supervisor's income is now not the fundamental factor.
What is the cost percept concept for an employee?It refers to the theory under which the personnel will get job delight when they get to recognize that their job presents them with those things that the worker values. The employer must attempt to help the personnel with things they fee so that they do not leave the organization.
Value percept principle suggests that job delight is based totally on precise facets that an employee expects from the job. Employees might get the ordinary satisfaction, however they focus more on these aspects they cost the most. If that specific facet is fulfilled, they emerge as greater self-motivated and dedicated to their work.
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https://brainly.com/question/13589617#SPJ4This role requires that you possess immaculate verbal and written communication skills. Please tell us why you would be a great agent if selected for this role (your response must be at least 4 detailed sentences)
toyota research institute (tri) wants to innovate in areas such as robotics and autonomous driving. they have locations in three locations because
To enable a greater reach and access to various resources, the Toyota Research Institute (TRI) has locations in several different cities. TRI may engage with a wide range of partners and draw on the distinctive capabilities and experience of each location thanks to its many locations.
Innovation is the process of introducing fresh concepts, procedures, or goods to a sector or industry. As it results in new and better ways of doing things, it can be considered as the drive behind progress and growth. Businesses and organisations can innovate by investigating new technology, enhancing current goods and services, or developing fresh, more effective methods of operation. Innovations have the potential to boost revenues, customer satisfaction, and competitiveness. Taking chances, working together, and being openly communicative inside a company are all common components of the innovation process. Companies that place a high priority on innovation are better able to adjust to market and industry changes and stay one step ahead of their rivals. An organisation may need to make research investments to promote innovation.
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unemployment could cause this economy to produce at which point(s)? group of answer choices q, s q, s, t r, u t
As per the reference diagram given above, a conclusion may be drawn that unemployment could cause the economy to produce at the point T as pointed above. Therefore, the option B holds true.
The unemployment is a situation in an economy wherein the total qualified people within an economy are not employed at the fullest of their capacities or numbers. At the levels of unemployment, the productivity and output are lower than their optimum capacities. And thus, in most of the cases, the economy is not able to produce at full capacities.
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Complete question
Refer to Figure attached in the image below
Unemployment could cause this economy to produce at which point(s)? a. R, U
b. T
c. Q, S, T
d. Q. S
13. One of the following is true
a. Cost accounting helps managers in choosing among alternatives.
b. Accountability stands for power to command others.
c. Authority arises usually from lower management groups.
d. Controlling is establishment of work framework through which the required activities are to be performed.
14. Management's systematic effort to achieve objectives by comparing performance to plan is called
a. Controlling
b. Planning
c. Budgeting
d. Organizing
e. All of the above
15. All of the following are the advantages of cost accounting except,
a. It facilitates use of specialized cost reduction techniques.
b. It helps to form cost centers and responsibility centers to exercise control. c. It provides the base for taking the best decision and give outright solution of the problem.
d. It helps to formulate operating policies like whether to make or buy from out side sources.
e. None
The options for the following cost accounting and management questions are:
aabWhat are the benefits of cost accounting?Accounting is an essential tool for company management, as it allows managers to understand, in a real way, the company's financial situation over a period of time and make decisions that are more focused and aligned with objectives and goals.
Therefore, cost accounting is directly related to the management process because it provides subsidies for decision-making focused and aligned with the reality of the company based on facts.
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businesses that are _____, like mcdonald's, have both a direct and indirect impact on the economy through job creation and spending
Businesses that are multinational, like McDonald's, have both a direct and indirect impact on the economy. Directly, they create jobs and generate revenue through their operations.
These jobs provide income for employees, which they in turn use to purchase goods and services, contributing to economic growth. Indirectly, multinational companies also stimulate economic growth by attracting suppliers, distributors, and other businesses to the areas in which they operate. This creates additional jobs and economic activity, further boosting the local economy. Additionally, the taxes paid by multinational corporations, along with their charitable contributions, can also positively impact the economy. Overall, multinational corporations play a crucial role in the growth and stability of the global economy.
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A marketing plan for a product line
O does not need to be in synch with the overall marketing plan
O addresses the marketing plan for the entire organization
O is used to sell off a product line to a competitor
O addresses specific actions for specific products
A marketing plan for a product line addresses specific actions for specific products.
How can one create an optimal marketing strategy?Developing an optimal marketing plan entails several critical steps:
Define your target audience and learn about their wants and behaviors.
Conduct market research to learn about your competitors, industry trends, and customer insights.
Set specific, quantifiable goals and objectives for your marketing initiatives.
Choose the most effective avenues for reaching your target audience, such as social media, email marketing, or advertising.
Set a budget for your marketing campaigns and calculate the return on investment.
Monitor and change your plan as appropriate depending on outcomes and comments from your target audience.
Collaborate with your team and other departments to ensure that all efforts are coordinated and support the broader company objectives.
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has a dedicated research and development team that is responsible for coming up with new products and services. the company is also known for its culture of openness and collaboration, which allows employees to share new ideas freely, is called method _____
The method is known as open innovation. Open innovation is a research and development approach that encourages collaboration between the company and third parties.
It enables organizations to tap into a wide range of ideas and perspectives, as well as access resources and technology that may not be available internally. This approach also encourages employees to share thoughts and ideas more freely, which can lead to more creative solutions.
Open Innovation is valuable tool for companies that want to stay ahead of the competition and develop new products and services.By fostering collaboration and openness, organizations can benefit from a wide range of ideas and insights, as well as access to resources and technology that may not be available internally.
This can help in create unique products and services tailored to the needs of their customers. Additionally, open innovation can help create an environment of creativity and collaboration, which can lead to improved team morale and better working relationships.
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b. There are a few industrial sites in town, producing essential goods and services for the residents and providing the citizens with vital jobs. However, the businesses, including an airport in the very downtown, also produce pollution, congestion, and noise. People understand the blessings of economic and civil freedoms and are pleased and proud to have productive activities in their town. They started, though, to crave for a more pleasant place to live in. What economic principle can give these peopl
e some guidance about what to do?
The principle of externalities can give these people some guidance about what to do. Externalities refer to the unintended negative or positive impacts of economic activity on a third party.
What are economic activities.?Generally, In this case, the economic activities in the town are leading to pollution, congestion, and noise, which are external costs that are not taken into account by the businesses.
To address this, the town can look into implementing a Pigouvian tax, which is a tax imposed on economic activities that have negative externalities in order to discourage them.
This tax can help to reduce the negative externalities while allowing the town to benefit from the economic activities.
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If the insured and insurer do not agree on the value of a property loss, what condition would apply?A. SubrogationB. AbandonmentC. AppraisalD. Arbitration
If the insured and insurer do not agree on the value of a property loss, the condition would apply is C. Appraisal.
A lawyer can serve as a mediator if the insured and the insurer cannot agree on the final sum. The attorney will make an effort to settle the case out of court. The plaintiff could bring a lawsuit if the two parties are unable to work things out. Subrogation. When an insured accepts a loss settlement from an insurance provider, they are required to give up their right to sue. This permits the insurer to compensate the insurance company and stops the insured from receiving payment twice for the same damage.
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at the present time, cold goose metal works (cgmw) has a series of five-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,438.04 per bond, carry a coupon rate of 14%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 35%. if cgmw wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)?
The pre-tax cost of debt can be estimated as the coupon rate divided by the market price, which is 14% divided by $1,438.04, resulting in a pre-tax cost of debt of 0.097 or 9.7%.
To estimate the after-tax cost of debt for Cold Goose Metal Works (CGMW), we need to calculate the pre-tax cost of debt first and then adjust it for the tax rate.
The after-tax cost of debt can be calculated by subtracting the tax savings from the coupon payment from the pre-tax cost of debt. In this case, the tax savings from the coupon payment would be 0.35 times the coupon payment. To estimate the after-tax cost of debt, we subtract the tax savings from the pre-tax cost of debt, which would result in an after-tax cost of debt of approximately 6.21% (9.7% - (0.35 x 9.7%)).
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Which of the following describes what will happen in the market for tomatoes if a salmonella outbreak is attributed to tainted tomatoes?
a. Supply will increase and price will increase.
b. Supply will decrease and price will decrease.
c. Demand will decrease and price will increase.
d. Demand will decrease and price will decrease.
e. Supply and demand will both decrease.
Answer:
supply will decrease, demand will decrease
Explanation:
from a chart standpoint, there will be less availible good tomatoes, and since they seem to be tainted, demand will decrease because of the chances of getting one that hasnt been processed. the supply being sold will decrease, and the ammount demanded will decrease as well. moving both S(/) and D(\) to the left
when supply increases and the supply curve shifts to the right, equilibrium price and equilibrium quantity .
When supply increases and supply curve shifts to right, equilibrium price and the equilibrium quantity will decrease.
What is equilibrium price?To achieve equilibrium, which results in stable pricing, market supply and demand must be balanced. In general, prices fall during times of surplus and demand rises; conversely, during times of scarcity, prices rise and demand declines. Price equilibrium occurs when supply and demand are equal. When a major index experiences a phase of consolidation or sideways momentum, it can be claimed that the forces of supply and demand are comparatively equal and the market is in an equilibrium. Researchers have shown that prices often fluctuate in close proximity to the equilibrium levels. If the price rises too much, market forces will push new producers to enter the market.
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posting a transaction into a_____refers to the transferring of dollar amounts to each account affected by the transaction.
Posting a transaction into a general ledger refers to the transferring of dollar amounts to each account affected by the transaction.
With debit and credit account entries verified by a trial balance, a general ledger serves as the mechanism for maintaining a company's financial data. It offers a record of each financial transaction that occurs during the course of an operational company's existence and maintains account data required to create the company's financial statements.
Transaction data is divided into accounts for assets, liabilities, owners' equity, income, and expenses according to the type of transaction. A general ledger serves as the cornerstone of the system used by accountants to store and arrange the financial information needed to produce the company's financial statements.
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Match each type of information system with its description.
a. executive information system b. management information system
c. decision support system
d. transaction processing system
1. knowledge-based interactive system
2. operational-level system 3. strategic-level information system 4. nternal information flow-based system
a. executive information system - knowledge-based interactive system
b. management information system - operational-level system
c. decision support system - strategic-level information system
d. transaction processing system - internal information flow-based system
What is an executive information system ?Generally, An executive information system (EIS) is a type of management information system designed to facilitate and support the information and decision-making needs of senior executives by providing easy access to both internal and external information relevant to meeting the strategic objectives of an organization.
Generally, an EIS is a computerized system that collects, organizes, and distributes information from multiple sources. It is designed to provide a comprehensive overview of the organization's performance and enable executives to make better decisions.
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Which of these services facilitates the function of the value chain but is not considered a core element of the supply chain? A) MarketingB) Information TechnologyC) DistributionD) Service
Services that facilitate the function of the value chain but are not considered a core element of the supply chain are Information Technology. option (B) is correct.
Information technology(IT) covers an expansive arrangement of innovations used to report, process, use, and convey data. The framework permitting an organization to carry on with work and speak with different organizations can be known as a business stage.
The business stage has changed emphatically lately. Before PCs, the trade stage depended on the phone and desk work kept up with by an organization. In the event that, for instance, a purchaser and merchant arranged an arrangement via telephone, the vender would ordinarily set up a heap of papers framing the arrangement.
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for a typical product, an increase in consumer income will cause the market demand for the product to
When consumer income grows, so does the demand for most regular commodities, and vice versa. The demand curve for restaurant meals, autos, and boats swings to the right as incomes grow.
People will buy more at the same price. The term "inferior good" does not denote low quality. Customers will buy more as their income rises, increasing demand to the right and changing the demand curve to the right.
Most products have a positive (direct) relationship between a consumer's income and the amount of the thing they are willing and able to buy. To put it another way, as income rises, so will the demand for these items.
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What effect does unemployment have on an individual?
Answer:
Unemployed individuals are at a higher risk for depression, anxiety and other mental health issues than people with jobs
Explanation:
reduce unethical behavior, who or what has worked to make executive compensation packages more transparent to other stakeholders. (true or false)
The given statement "who or what has been successful in making executive remuneration packages more visible to other stakeholders and in reducing unethical behavior" is TRUE.
What are unethical behaviors?When a person, a professional, or an industry acts in a way that is deemed unethical because it goes against social norms, that behavior is referred to as unethical behavior.
Politicians, businesses, professions, and individuals all have the potential to act unethically.
The following are some examples of unethical behavior in the workplace: asking for credit for someone else's work, calling in sick to go to a hill station, undermining someone else's work, and, in sales, fabricating the product or service to meet the objective.
Who or what has been successful in making CEO remuneration packages more visible to other stakeholders.
Therefore, the given statement "who or what has been successful in making executive remuneration packages more visible to other stakeholders and in reducing unethical behavior" is TRUE.
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Consumer behavior includes which of the following? (Choose all that apply)
Multiple select question.
-The societal impact a firm has in its local market
-Processes before and after purchase and use
-Actions related to the purchase and use of a product
-Mental and social processes
The following are included in consumer behavior:
B: Processes before and after purchase and use.
C: Actions related to the purchase and use of a product.
D: Mental and social processes.
Consumer behavior refers to the thoughts, feelings, and actions of individuals and households when they purchase and use goods and services. It encompasses the processes that consumers go through before and after they make a purchase, including information gathering, evaluation of alternatives, and post-purchase evaluation. Additionally, consumer behavior includes the mental and social processes that influence decision making, such as perception, attitudes, beliefs, and values.
The societal impact a firm has in its local market is not directly related to consumer behavior, although it can be influenced by consumer behavior and preferences. Understanding consumer behavior is important for businesses as it helps them make informed decisions about product development, pricing, promotion, and distribution.
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Fill in the blankA _____ market strategy is a concentration strategy whereby a single narrow market is selected in order to specialize and meet the very specific needs of the group.
A niche market strategy is a concentration strategy whereby a single narrow market is selected to specialize and meet the very specific needs of the group.
A niche market strategy is a business strategy that focuses on a specific, narrow segment of a larger market.
This strategy involves identifying a specific group of consumers with unique needs or preferences and tailoring products, services, and marketing efforts specifically to meet those needs. By focusing on a smaller, targeted group of consumers, a company can differentiate itself from its competitors and establish a strong, loyal customer base.
The goal of a niche market strategy is to become the preferred provider for a specific segment of the market, providing high-quality products or services and building a strong reputation within that segment.
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Which of the following rates of growth in the money supply is likely to lead to the lowest level of inflation in the economy? a. 3 percent per year ,b.1 percent per year ,c.7 percent per year, d. 5 percent per year
b.1 percent per year rates of growth in the money supply is likely to lead to the lowest level of inflation in the economy.
Inflation is and has been a widely contested economic issue. Even the term "inflation" has varied meanings depending on the context. Many economists, businesspeople, and politicians believe that mild inflation is necessary to stimulate consumption, thinking that higher levels of spending are necessary for economic progress.
The Federal Reserve usually sets an annual rate of inflation for the United States, believing that a modestly rising price level makes businesses successful and stops customers from waiting for lower costs before purchasing.
Some people feel that the fundamental function of inflation is to avert deflation. Others contend that inflation is insignificant, if not a net negative on the economy.
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the average current global ecological footprint has been estimated at 2.6 global hectares per person (borucke et al. 2013). this is approximately ________ what is estimated to be available.
The average current global ecological footprint has been estimated at 2.6 global hectares per person (Borucke et al. 2013). This is much higher than what is estimated to be available.
Ecological Footprint accounting estimates the demand on and supply of nature. On the demand side, the Ecological footprint sums up all the productive regions for which a population, an individual, or a derivative competes. It estimates there ecological assets that a provided population or product mandates to cultivate the natural resources it depletes and to immerse its waste, particularly carbon emissions. The ecological footprint trails the usage of productive surface areas. On the supply side, a municipality, state, or nation's biocapacity illustrates the productivity of its ecological assets.
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Suppose India exports televisions to Italy and imports sugar from Argentina. This situation suggests A. India has a comparative advantage relative to Argentina in producing sugar, and Italy has a comparative advantage to India producing televisions. B. India has a comparative advantage relative to Italy in producing televisions, and Argentina has a comparative advantage relative to India in producing sugar. C. India has an absolute advantage relative to Italy in producing televisions, and Argentina has an absolute advantage relative to India in producing sugar. D. India has an absolute advantage relative to Argentina in producing sugar, and Italy has an absolute advantage relative to India in producing televisions.
The correct answer is "B. India has a comparative advantage relative to Italy in producing televisions, and Argentina has a comparative advantage relative to India in producing sugar."
The principle of comparative advantage states that a country should specialize in producing goods and services that it produces relatively more efficiently and trade with other countries for goods and services that it produces relatively less efficiently. So, in this case, India is exporting televisions to Italy, which suggests that India has a comparative advantage in producing televisions relative to Italy. On the other hand, India is importing sugar from Argentina, which suggests that Argentina has a comparative advantage in producing sugar relative to India.
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if you are given the most recent dividend, div0 (but not div1), the growth rate, g, and the return, rs, the correct equation for valuing a constant dividend growth stock is which of the following?
According to the Gordon Growth Model, the fair value of the stock would be $2 per share.
A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or stock. It is a portion of a company's profits that is distributed to its owners (shareholders) as a return on their investment.
The correct equation for valuing a constant dividend growth stock is the Gordon Growth Model. This model uses three key variables: the most recent dividend (div0), the growth rate (g), and the required return (rs).
The formula for the Gordon Growth Model is as follows:
Price of Stock = div0 / (rs - g)
Here, div0 represents the most recent dividend paid by the company. The growth rate (g) is the expected rate at which the dividend will grow in the future. The required return (rs) is the expected rate of return that an investor is seeking on their investment.
To understand how this equation works, let's consider an example. Let's say a company pays a dividend of $1 per share and the expected rate of dividend growth is 5%. The required return for the stock is 10%. Plugging in these values into the equation, we get:
Price of Stock = $1 / (0.10 - 0.05) = $2
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Which of the following transactions will be included in the calculation of Country X's Gross Domestic Product (GDP) in 2020?A) The sale of corporate stocksB) The exchange of a used automobile for a used boatC) The purchase of new construction equipmentD) Social Security checks received by retireesE) Carrots grown in a household's backyard and consumed by the family
The purchase of new construction equipment, Transactions will be included in the calculation of Country X's Gross Domestic Product (GDP) in 2020.
What is a transaction?The term transaction refers to that, The transaction paying a supplier for products or services received. purchasing a property that was previously owned by a seller by paying the seller with cash and a note. remuneration for hours worked.
The nominal GDP was calculated by, a metric used in economics that only takes into account changes in output volume. GDP Deflator: A measure of the rate of change in price over time (inflation or deflation).
Therefore, The right option (C) is correct.
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following are the reasons for project failure except: a. not enough resources b. unclear expectations c. changes to the project .d. comprehensive planning
d. Comprehensive planning is not a reason for project failure, but rather a factor that can help prevent it. Other potential reasons for project failure include lack of proper communication, poor risk management, inadequate leadership, and resistance to change.
What is Comprehensive planning?
Comprehensive planning refers to the process of creating a detailed plan for a project that outlines all the necessary steps, resources, and responsibilities required to achieve its goals. This type of planning aims to ensure that the project is well-organized and well-structured and that all key stakeholders are aligned on the project's objectives and outcomes. Comprehensive planning is considered a critical factor for project success, as it helps to minimize risks, avoid potential pitfalls, and increase the chances of delivering the project on time, within budget, and to the desired quality standards.
Hence, the answer is, d. Comprehensive planning is not a reason for project failure, but rather a factor that can help prevent it.
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