Informal Planning Is ________

question 79

Multiple Choice

Informal planning is ________.

• A)always performed at the lowest organizational level
• B)general and usually lacks continuity
• C)performed exclusively by middle managers
• D)more specific than formal planning

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Definitions:

Private Consumptions

refers to the total amount of goods and services consumed by private households.

Total Amount

The sum of all quantities or values in a given context.

Utility Function

A mathematical representation that shows the relationship between an individual's satisfaction and their consumption of different goods and services.

Private Consumptions

Refers to the spending on goods and services by individuals or households rather than by the government or businesses.