Which of the Following Is True of the Impact of Formal

question 18

Multiple Choice

Which of the following is true of the impact of formal planning on organizational performance?

• A) Formal planning is associated with positive financial results.
• B) Organizations that formally plan invariably outperform those that don't plan.
• C) The amount of planning done is more important to high performance than the quality of planning and implementation
• D) Companies can start seeing the impact of formal planning on performance after about a year of starting the planning process.

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.

Real Wages

The purchasing power of wages or salaries, adjusted for inflation, indicating the quantity of goods and services that can be purchased.

High School Diploma

A certification awarded upon the successful completion of a secondary education program, representing a basic level of learning.

College Graduate

An individual who has completed a course of study at a college or university and received a degree certifying their level of education.