The Protective Purpose of Planning Is to ________

question 13

Multiple Choice

The protective purpose of planning is to ________.

• A)ensure integration among the organization's various business units
• B)increase the degree of organizational success
• C)optimize the use of organizational resources
• D)minimize risk by reducing the uncertainties surrounding business conditions
• E)maximize the organization's ability to leverage environmental opportunities

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Definitions:

Commission

A fee paid to an agent or employee for conducting a transaction or performing a service.

Promotional Costs

Expenses associated with marketing and advertising a business's products or services.

Estoppel

A legal principle that prevents a party from contradicting or asserting something contrary to a previous statement or behavior.

Detriment

A loss or harm suffered as a result of an action or a decision.