Which of the Following Is True About Planning

question 82

Multiple Choice

Which of the following is true about planning?

• A) Good planning improves rigidity.
• B) An organization with flexibility starts losing focus.
• C) Planning allows organizations to get into the complacency trap.
• D) Planning improves coordination.
• E) When planning is not done well, it facilitates control.

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Definitions:

Non-executive Director

A member of a company's board of directors who is not part of the executive team, providing oversight and valuable perspective without managing day-to-day operations.

Related Party

A person or entity that is related to the entity that is preparing its financial statements.

Controlling Investment

A significant ownership interest in a company, providing the ability to exercise control over its operations and policies.

Financial Statements

Documents that present an organization's financial activity and condition, including balance sheet, income statement, and cash flow statement.