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Which of the following statements is true? Multiple Choice Planning involves developing goals...

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Accounting

Which of the following statements is true?

Multiple Choice

  • Planning involves developing goals and preparing various budgets to achieve those goals.

  • Planning involves gathering feedback that enables organizations to make modifications as circumstances change.

  • The definition of planning states that managers should be held responsible for those itemsand only those itemsthat the manager can actually control.

  • Planning is usually done independent from the budgeting process.

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