Which of the Following Is TRUE of the Impact of Formal

question 2

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:

Taxable Income

The portion of an individual's or corporation's income that is subject to taxation by governmental authorities.

Tax-Exempt

Not subject to tax by federal or local governments, often applied to charitable organizations or certain financial earnings.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that is paid in taxes.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), indicating the fraction of income or expenditure paid in taxes.