Multiple Choice Questions on A system in which responsibility for planning lies with the highest level is called ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A system in which responsibility for planning lies with the highest level is called ........

Management ( Phase -I & II) General Management
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    A system in which responsibility for planning lies with the highest level is called:

    centralized planning.

    Correct Answer

    decentralized planning.

    Incorrect Answer

    strategic planning.

    Incorrect Answer

    flexible planning.

    Incorrect Answer
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    Explanation:

    Central planning is also referred to as a 'Command economy' or 'Communist economy. ' WIth Central planning, the theory is that the government will take ownership of the means of production and run the economy in the interest of workers.

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