The numbers used in strategic planning are approximations and they tend to be complex.Select one:TrueFalse

The statement that "the numbers used in strategic planning are approximations and they tend to be complex" is generally True.

Explanation:

1. Nature of Numbers: In strategic planning, organizations often deal with forecasts, budgets, and other projections. These are typically based on assumptions about future conditions, which introduces a degree of approximation.

2. Complexity: The numbers can often be complex because they involve various factors, such as market trends, economic conditions, and competitive analysis, which are not easily quantifiable. This complexity can affect the accuracy and reliability of the numerical data used in planning.

In conclusion, strategic planning inherently involves approximations and complexities due to the unpredictable nature of business environments.