Question

What does the "Principle of limiting factor" state?

• A. Plans should be integrated to achieve objectives economically.
• B. Planning should be done by a team of managers.
• C. A manager should recognize and give due weight to critical factors when choosing a course of action.
• D. Planning is a continuous process.

Answer 1

Answer:

C. A manager should recognize and give due weight to critical factors when choosing a course of action.

• The Principle of limiting factor emphasizes the importance of identifying and giving weight to critical factors, such as money, manpower, or machinery, when selecting from alternative courses of action. The text explains that ignoring these limiting factors can severely impact the planning process and make it impossible to achieve organizational goals.