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State with reasons whether the following statements are TRUE or FALSE : 11. Planning is of vital importance in the management process.

State with reasons whether the following statements are TRUE or FALSE :
11. Planning is of vital importance in the management process. - True

Explanation: Planning is vital in the process of management, as it defines the goals and objectives to be achieved. These goals and objectives, as stated in the plan, guide the managers in deciding the course of action to be followed for the achievement of those goals.