Which Statement Is Consistent with the Research on Planning in Organisations

question 70

Multiple Choice

Which statement is consistent with the research on planning in organisations?

• A)Evidence generally supports the position that organisations should have formal plans.
• B)Evidence suggests that informal plans are more advantageous to an organisation than formal plans.
• C)Evidence indicates that formal planning has a negative impact on an organisation's financial results.
• D)Evidence is inconclusive about the effectiveness of planning on an organisation.

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Definitions:

Expected Utility

Sum of the utilities associated with all possible outcomes, weighted by the probability that each outcome will occur.

Income

The money a person or business receives in exchange for providing a good or service or through investing capital.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Standard Deviation

A statistical measure of the dispersion or variability of a set of numbers, showing how much variation exists from the average.