The correct answer is: C. Louis A Allen
Louis A Allen is a management theorist who is best known for his work on management planning. He defined management planning as “the process of developing forecasts, objectives, policies, programmes, procedures, schedules and budgets”.
Henry Fayol is a French mining engineer and business executive who is considered one of the founders of modern management theory. He is best known for his 14 principles of management, which include division of work, unity of command, subordination of individual interests to the general interest, remuneration, centralization, scalar chain, order, equity, stability of tenure of personnel, initiative, esprit de corps, and unity of direction.
Koontz O’Donnell is a management textbook that was first published in 1955. The book is considered a classic in the field of management theory. It has been revised and updated several times, and is currently in its 14th edition.
Theo Haimann is a management theorist who is best known for his work on management functions. He defined management functions as “the activities that managers perform in order to achieve organizational goals”.
In conclusion, the statement “management planning involves the development of forecasts, objectives, policies, programmes, procedures, schedules and budgets” is given by Louis A Allen.