Which of the Following Is True of the Impact of Formal

question 99

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.
• E) Formal planning establishes goals or standards to replace controls.

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Definitions:

Security Interest

A security interest is a legal right granted by a borrower to a creditor over the borrower's property or assets as a security for a loan, ensuring repayment of the debt.

Present Rights

Rights that an individual or entity currently holds and can exercise immediately, as opposed to future rights.

Depreciation

The process by which a fixed asset's value decreases over time due to use, wear and tear, or obsolescence.

Defaulted

refers to the failure to meet the legal obligations of a loan, such as not making the agreed-upon payments.