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Management · Q11

Management Accounting

Graduate and Post Graduate · Management · question 11

Q11

Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called

A.
organization
B.
alternation
C.
planning
Answer
D.
valuing

Answer: Option C

Solution

Answer: Option C
Solution:
Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called planning. Planning is also a management process, concerned with defining goals for a company's future direction and determining the missions and resources to achieve those targets. To meet objectives, managers may develop plans, such as a business plan or a marketing plan.