Formal reports are considered high stakes documents What do

Formal reports are considered “high stakes documents”. What do you think that means? How could writing a report be important to a career?

Solution

Answer:

This means that the formal reports are important for the company and the other stakeholders. These reports derive their importance as they contain crucial data that would be required by any business to take strategic decisions. These reports thus carry a high degree of confidentiality and importance.

Writing reports is important to a career as these reports may build or break the fortunes of a company so do ours. Any wrong input in the report may give wrong direction to the strategy of the business and business may face closure also.