Planning Is the Function of Management That Includes Anticipating Future

question 72

True/False

Planning is the function of management that includes anticipating future trends and determining the best strategies and tactics to achieve an organization's goals and objectives.

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Definitions:

Corporate Veil

A legal concept separating the actions of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.

Fraud

The intentional deception or misrepresentation made by one party to another, resulting in harm or loss.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, making them owners of a portion of the corporation.

Unaffiliated Directors

Board members who do not have a direct or substantial interest in the company, ensuring independence from the company’s management.