Planning Gives Direction, Reduces the Impact of Change, Minimizes Waste

question 31

Multiple Choice

Planning gives direction, reduces the impact of change, minimizes waste and redundancy, and ________.

• A) sets the basis used for promotion of individuals within the organization
• B) eliminates departments that are not needed within the plan
• C) establishes the workloads for each of the departments
• D) sets the standards used in controlling

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Definitions:

Free Markets

Economic systems in which prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Inequality

The state of not being equal, especially in status, rights, and opportunities, often discussed in social, economic, and political contexts.

Declaration of Independence

A historical document whereby the thirteen American colonies declared their independence from British rule in 1776.

Talents and Abilities

These refer to the natural aptitudes and learned skills that individuals possess, which enable them to perform certain tasks effectively.