Exam 4: Environment, Innovation, and Sustainability

A(n) __________ is a statement of intended means for accomplishing objectives.

Sally, the general manager at Trinkets Inc., has asked the accounting department to prepare a cash flow versus expenditure plan for the next year. Sally is asking for a __________ budget.

Trynx Inc., a bicycle manufacturing company, is set to launch a new bicycle with gears. Ryan, the CEO of Trynx, asks the sales manager to come up with an alternative plan in case the new product fails in the market. He also asks the production manager to come with an alternative plan in case the new product's demand increases beyond the production capacity. Ryan has asked the managers to engage in __________.

A policy describes exactly what actions should be taken in specific situations.

Effective planning ensures that each level's goals support the goals of the next higher level, thus fitting into a(n) _____ of objectives.

Guiding and motivating others to achieve high levels of task accomplishment is called __________.

Which of the following refers to the process of setting goals and objectives and determining how to accomplish them?

The first step in the planning process involves:

__________ plans deal with the methods and technology needed by people in their work.

Objectives should __________.

__________ are the activation signals for implementing contingency plans.

__________ are methods that lead to superior performance.

Maria works for the accounting department of Argon Corp. She has just been told that she needs to develop a budget to spend $50,000 dollars in the next 12 months. Maria has been asked to create a(n) __________ budget.

Plans that identify the long-term direction for an organization, including a vision of what and where the organization wants to be in the longer-term, are called __________ plans.

The process of predicting what will happen in the future is called:

If a forecast is carefully created, it can be relied upon to accurately predict the future.

The term __________ can be described as being lulled into inaction by current successes or failures.

Each level of the organization should create their plans independently in order to be responsive to the varying needs at each level.

What is scenario planning?

One effective way to build commitment to the implementation of a plan is to involve the people who will have to do the implementing in the creation of the plan.