The most important planning tool is a ________.
A) performance evaluation report
B) fishbone diagram
C) control chart
D) budget

Question

Quizplus · Accepted Answer

A budget is the most important planning tool as it provides a comprehensive financial plan for an organization's operations and helps in allocating resources effectively. It helps in setting goals and priorities, controlling costs, measuring performance, and ensuring accountability. Performance evaluation reports, fishbone diagrams, and control charts are useful tools for tracking progress and identifying areas for improvement, but they are not as comprehensive as a budget in terms of planning and resource allocation.

The Most Important Planning Tool Is a ________