Question

Planning provides directions for action and reduces uncertainty. This highlights which importance of planning?

• A. Promotes Innovative Ideas
• B. Facilitates Decision Making
• C. Reduces the Risk of Uncertainty
• D. Establishes Standards for Controlling

Hint:

Planning cannot eliminate uncertainty completely, but it can significantly reduce its impact.

Answer 1

The Correct Option is C

Concept: Planning is deciding in advance what to do, how to do, when to do and who will do it.

Step 1: Understand the role of planning. Planning enables managers to anticipate future events and prepare strategies accordingly.

Step 2: Analyze the statement. The statement mentions:
• Provides direction
• Anticipates future conditions
• Minimizes uncertainty These directly indicate that planning reduces uncertainty.

Step 3: Select the correct option. \[ \boxed{\text{Reduces the Risk of Uncertainty}} \] \[ \boxed{\text{Answer = (C)}} \]