Research Indicates That Organizations That Don't Use Formal Planning Always

question 82

True/False

Research indicates that organizations that don't use formal planning always outperform organizations that do use formal planning.

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Definitions:

Variable Overhead

Costs that vary with production output, such as utilities or raw materials, but are not directly tied to a specific unit of production.

Operating Results

The financial outcomes achieved from a company's core business operations.

Variable Factory Overhead

Costs of production that fluctuate with the level of output, including utilities and materials not directly tied to a product's manufacture.

Controllable Variance

The difference between actual and budgeted figures that is within the control of a manager, used for assessing performance.