Formal groups in organizations fulfill organizational functions but not individual functions.

The Critical Path Method is a project management tool that:

A. illustrates the relationships among the activities involved in completing a project B. identifies the sequence of activities likely to take the longest to complete C. identifies all the activities involved in completing a project D. illustrates the percent of time that each person is the closing phase of a project

All of the following are reasons for the importance of forecasting and budgeting, EXCEPT:

A. requires the organization to think about what is happening in the markets B. sets specific strategic objectives for the various divisions and departments within the organization C. sets specific operational parameters for the various divisions and departments within the organization D. requires managers to make decisions related to resource allocation, when measured against specific outcomes E. become benchmarks/targets against which actual results can be measured