In the Traditional Approach to Planning, Planning Was Done Entirely

question 24

Multiple Choice

In the traditional approach to planning, planning was done entirely by top- level managers who were often assisted by___________ .

• A) a mixture of managers from the line, functional, and business level
• B) functional level managers
• C) a group of planning specialists
• D) business level managers

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Definitions:

Business Decision

A choice made by a business in pursuit of its objectives, often involving resource allocation.

Material

The raw inputs or supplies used in the manufacturing of goods or products.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.

Creditor

An individual or institution that lends money or extends credit to another party.