In the context of management, which of the following statements is true of controlling?
A. It refers to monitoring performance and making adjustments as needed.
B. It refers to determining a structure for both individual jobs and the overall organization.
C. It refers to determining organizational goals and action plans for how to achieve those goals.
D. It refers to directing and motivating people to achieve organizational goals.
Answer: A
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Bankruptcy, International Trade, and Tax are all types of:
A) special state courts. B) federal special courts. C) special state standing courts. D) none of the above.
Process analysis focuses on:
A) how work is actually done. B) who is responsible for the customer. C) the customer's needs. D) the number of steps in between supplier and customer.
____ involves analyzing buying patterns and forecasting customer demand.
A. Demand planning B. Supply planning C. Demand fulfillment D. Supply fulfillment
Which of the following is true about the sensitivity analysis for integer optimization problems?
a. Sensitivity reports are readily available for integer optimization problems similar to the linear programming problems. b. Because of the discrete nature of the integer optimization, Excel Solver takes much more time to calculate objective function coefficient ranges, shadow prices, and right-hand-side ranges. c. The sensitivity analysis is not important for integer problems. d. To determine the sensitivity of the solution to changes in model inputs for integer optimization problems, the data must be changed and the problem must be re-solved.