The Final Responsibility for Organizational Planning Rests with ________

question 86

Multiple Choice

The final responsibility for organizational planning rests with ________.

• A) the planning department
• B) the designated organizational planner
• C) the shareholders
• D) the chief executives
• E) the first-level managers

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Definitions:

External Users

Individuals or entities outside of a company who rely on its financial statements for information, including investors, creditors, and regulatory agencies.

Strategic Decisions

Long-term choices that affect the overall direction of a company, often related to pursuing competitive advantage and meeting organizational goals.

Operating Decisions

Decisions related to the day-to-day operations of a business, often concerning production, sales, and management of resources.

Financial Condition

The status of a company's finances, including its assets, liabilities, and equity, indicative of its ability to meet financial obligations.