Which of the Following Is True of Planning

question 121

Multiple Choice

Which of the following is true of planning?

• A) It is done by managers at scheduled times.
• B) It is a one-time process.
• C) It doesn't need to be evaluated or monitored for viability.
• D) It can include the active participation of all employees.
• E) It can deliver results even without implementation.

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Definitions:

Minimizing Costs

A strategy or process aimed at reducing expenses in production or operations to increase profitability.

Substitute Resources

Productive inputs that can be used instead of other inputs in the production process; resources for which an increase in the price of one leads to an increase in the demand for the other.

Capital Goods

Long-lasting goods that are used in the production of other goods or services.

Bank Tellers

Individuals employed by banks to assist customers with routine transactions like withdrawing or depositing money, among other services.