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A Purpose of Planning Intended to Minimize Risk by Reducing

question 71

Multiple Choice

A purpose of planning intended to minimize risk by reducing uncertainties in the managerial environment is known as ________ planning.


Definitions:

Scholar

An individual who engages in or has expert knowledge of academic study or scholarship in a particular field.

Social Science

A branch of science that deals with the institutions and functioning of human society and the interpersonal relationships of individuals as members of society.

Objective Methods

Approaches or techniques based on unbiased observations and measurements in research or practice, devoid of personal feelings or opinions.

Congruency

The state or quality of agreeing, being compatible or consistent.

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