Which of the following is a key feature of planning?

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AIt is a static, one-time process.

BIt is limited to top-level management.

CIt is an intellectual process based on guesswork.

DIt is goal-oriented and continuous.

Answer:

The goal-oriented process that provides a sense of direction. It is also described as a continuous process that is never-ending due to the dynamic business environment and requires constant review and revaluation. Planning is an intellectual process, but it is based on facts and experience, not guesswork. It is also all-pervasive, meaning it is needed at every level of management, not just the top.

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Consider the following statements on the characteristics of a good plan:

A good plan should be flexible, meaning it has the ability to adapt to changes in the environment without excessive cost.
A good plan must be rational and based on facts, data, and scientific analysis, not just intuition or personal feelings.
A good plan should be all-encompassing, which means that the entire organization must follow a single, comprehensive plan without any deviation.

Consider the following statements: Which of the above is/are correct?