Silver Finance requires that its interest rate planning process include its employees, managers, some customers, and others who will be affected by the resulting plans and/or will be asked to help implement them. Silver Finance is utilizing _____.
A) contingency planning
B) scenario planning
C) management by objectives
D) participatory planning
E) benchmarking

Question

Quizplus · Accepted Answer

Participatory planning involves involving a wide range of individuals and stakeholders in the planning process. In this case, Silver Finance is including employees, managers, customers, and others who will be affected by the interest rate plans. This aligns with the participatory planning approach, as it emphasizes collaboration, input from multiple perspectives, and involving individuals who will be impacted by the resulting plans.

Silver Finance Requires That Its Interest Rate Planning Process Include