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direction in the table below SHADE A SHADE B SHADE C SHADE D If both statements are true If both statements are false If statement 1 is true while statement 2 is false If statement 1 is false while statement 2 is true

direction in the table below SHADE A SHADE B SHADE C SHADE D If both statements are true If both statements are false If statement 1 is true while statement 2 is false If statement 1 is false while statement 2 is true

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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TRUE OR FALSE. Read each statement carefully and follow the direction in the table below If both statements are true If both statements are false SHADE A SHADE B SHADE C If statement 1 is true while statement 2 is false SHADE D If statement 1 is false while statement 2 is true STATEMENT 1 Planning is important. It provides direction to for the D organization's NO. STATEMENT 2 Without planning, controlling will not be possible since there will be no standard to compare or assess work effort with. Goals are best described as steps and actions that are required to achieve plans. 1 Plans are targets that management desires to reach; the desired results or objectives that members in an organization are pursuing. Setting strategic goals and plans is the first step in planning 2 e obesp Plans can be short term which is good for one year or less, or may be long term which is up to three years. 3. The plans that are going beyond three years are called long-term plans Operational plans are plans that apply only to a particular unit or area and narrow in 4 scope. Middle manager are the ones responsible for setting operations goals and plans Top level managers are the one who sets up organization's goals and objective To make forecasting effective, you should use complex methods When things do not tum out as they should be, manager should implement the well prepared contingency plans An effective forecasting relies on a single method Contingency factors (also known as trigger point) may offer alternative courses of action when the unexpected happen or when things go wrong. The first step in benchmarking is the identification of what to 7 Linear programming is the process of formulating a detailed listing of activities that must be accomplished Certainty conditions are ideal conditions in deciding problems 8 benchmark Structured or programmed decision is a decision that is repetitive and can be handled by using a routine approached Specificity is the detailedness and clarity of plans. Frequency of use is the completeness of planning coverage 10
Transcribed Image Text:TRUE OR FALSE. Read each statement carefully and follow the direction in the table below If both statements are true If both statements are false SHADE A SHADE B SHADE C If statement 1 is true while statement 2 is false SHADE D If statement 1 is false while statement 2 is true STATEMENT 1 Planning is important. It provides direction to for the D organization's NO. STATEMENT 2 Without planning, controlling will not be possible since there will be no standard to compare or assess work effort with. Goals are best described as steps and actions that are required to achieve plans. 1 Plans are targets that management desires to reach; the desired results or objectives that members in an organization are pursuing. Setting strategic goals and plans is the first step in planning 2 e obesp Plans can be short term which is good for one year or less, or may be long term which is up to three years. 3. The plans that are going beyond three years are called long-term plans Operational plans are plans that apply only to a particular unit or area and narrow in 4 scope. Middle manager are the ones responsible for setting operations goals and plans Top level managers are the one who sets up organization's goals and objective To make forecasting effective, you should use complex methods When things do not tum out as they should be, manager should implement the well prepared contingency plans An effective forecasting relies on a single method Contingency factors (also known as trigger point) may offer alternative courses of action when the unexpected happen or when things go wrong. The first step in benchmarking is the identification of what to 7 Linear programming is the process of formulating a detailed listing of activities that must be accomplished Certainty conditions are ideal conditions in deciding problems 8 benchmark Structured or programmed decision is a decision that is repetitive and can be handled by using a routine approached Specificity is the detailedness and clarity of plans. Frequency of use is the completeness of planning coverage 10
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