Which of the Following Statements Is True of Planning

question 2

Multiple Choice

Which of the following statements is true of planning?

• A) It fixes all organizational problems.
• B) It creates an environment of uncertainty.
• C) It encourages behavioral changes in an organization.
• D) It intensifies the effort put in by managers and employees.

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Definitions:

Expected Profit

The forecasted financial gain from a business activity, calculated as anticipated revenue minus expected costs.

Enrollment

The process of registering or signing up for membership, courses, services, or programs offered by organizations or institutions.

Cost to Provide

The total expenses incurred by a company to deliver a product or service to a customer.

Decision Tree Analysis

A decision-making tool that uses a tree-like model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.