What are the different types of planning and at what levels of management are they performed?
What will be an ideal response?
Strategic planning is performed through top level management. It involves the long-term goals of the organization. Human resources is closely tied to this type of planning. To carry out the strategy, tactical planning is performed by middle managers to develop a short-term plan that aligns the right company resources with the strategic plan established by top management. To carry out the tactical plan, operational planning is performed by first level managers in specific departments in order to figure out how they will carry out the specific tasks, activities, and responsibilities they are assigned in the tactical plan.
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Verification of product movement by examining physical records or performing inventory analysis are characteristics of which of the following types of syndicated services?
A) surveys B) audits C) purchase panels D) media panels E) movement exams
The mean squared deviation of all the values from the mean is called the ________
A) variance B) range C) median D) mean E) geometric mean
A product should be processed further if no additional fixed costs are incurred in its processing.
Answer the following statement true (T) or false (F)
An advantage of selling a family-owned business to outsiders is that:
A. it provides a constant source of income to all the family and nonfamily members. B. the former owner receives an assured income. C. a stronger family identification is developed. D. the stature of the family is maintained.