A management guideline that advises managers to commit funds for planning only if in the foreseeable future they can anticipate a return on planning expenses as a result of the long-range planning analysis is termed ________.
A)strategic planning
B)the commitment principle
C)organizational planning
D)tactical planning
E)the principle of the objective

Question

Quizplus · Accepted Answer

The commitment principle advises managers to only commit funds towards planning if they can anticipate a return on planning expenses as a result of long-range planning analysis. This ensures that resources are allocated efficiently and effectively towards planning activities.

A Management Guideline That Advises Managers to Commit Funds for Planning