Princess Mariejoie V. Zuñiga FINAMAA
FM181
Module 3: Self-Test Questions
SQ 3-1. Why is planning essential?
➢ Planning is important because it helps the company by being prepared on the
circumstances and problems that might meet in the future because planning includes
proper acquisition and allocation of resources. Planning provides us with a clear
perspective on what needs to be accomplished, what goals need to be reached and how
much time it will be and will be spent about achieving those goals. “Planning is bringing
the future into present so that you can do something about it now.”, this is what Alan
Lakein said.
SQ 3-2. What is corporate planning? What are the 3 levels/forms of corporate planning?
➢ Corporate planning is a formal and systematic process of management, organized
according to responsibility, time and information. It is the making of a strategy to develop
