The Limitations of Planning are:

(A) It reduces creativity

(B) It works in a dynamic environment.

(C) It involves huge costs

(D) It is time-consuming

Choose the correct answer from the options given below:

Option 1 -> (A), (B) and (D) only - Incorrect because (B) is not a limitation as stated; planning actually struggles in dynamic environments.

Option 2 -> (A), (B) and (C) only - Incorrect because (B) is not a limitation and it excludes (D) which is a valid limitation.

Option 3 -> (A), (B), (C) and (D) - Incorrect because (B) is not a limitation; the statement says planning "works" in dynamic environments, which would be a strength, not a weakness.

Option 4 -> (A), (C) and (D) only - Correct because these three are actual limitations: planning reduces creativity by creating rigid structures, involves huge costs in terms of resources and money, and is time-consuming in terms of data collection and analysis.

Hence, Option 4: (A), (C) and (D) only -> Statement (B) is incorrectly worded as it suggests planning works well in dynamic environments, which is actually false. The real limitation is that planning does NOT work well in dynamic/changing environments due to its rigid nature. Statements (A), (C), and (D) correctly identify genuine limitations of planning -> correct