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:

Import

The act of bringing goods or services into one country from another country for sale or use.

Export

Products or services traded or sold from one nation to another.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the amount they end up spending.

Autarky

A situation where a country is self-sufficient and does not engage in international trade.