Which of the Following Statements Is True About the Planning

question 66

Multiple Choice

Which of the following statements is true about the planning subsystem?

• A) It utilizes all of an organization's resources.
• B) It reduces the need for strict control over the planning process.
• C) It helps managers organize the overall management system and enhance its success.
• D) It allows different organizational departments to develop their own strategic plans.
• E) It places the responsibility of identifying organizational objectives on different departments.

---

Definitions:

Recession Risk

The likelihood of an economic downturn, characterized by a significant decline in economic activity across the economy lasting more than a few months.

Partial Certainty

This refers to a scenario in business or decision-making where there is some known information, but complete certainty about outcomes is not possible, reflecting a mix of known and unknown variables.

Expected Outcome

The anticipated result of an action, decision, or event, based on current knowledge, probabilities, and reasoning.

Utility

In economics, the satisfaction or benefit derived by consuming a product or service.