Answer the following statements true (T) or false (F)
1. The organization draws conclusions about the future, uses the conclusions to make assumptions called strategic plans, and then bases its strategic premises on the strategic plans.
2. Today’s forecasting tools are powerful enough to sufficiently replace managerial judgment.
3. The internal assessment allows the organization to identify its opportunities and threats as part of a long-term planning process.
4. Qualitative forecasting tools use subjective information used to make projections.
5. Past performance is always a great measure of future performance.
1. False
2. False
3. False
4. True
5. False
You might also like to view...
At the beginning of 2016, the Joan Company had an inventory valued at $34,375 at cost ($50,000 at retail). During the year, Joan purchased inventory for $50,000 ($70,000 at retail), and made markdowns of $7,500. Joan's sales in 2016 were $62,500. What is Joan's estimated ending inventory at FIFO cost using the retail inventory method?
A) $37,500 B) $40,000 C) $39,000 D) $34,375
Walter enters a dentist office and points to a damaged tooth. The dentist, Matt, treats the tooth. If Walter refused to pay and Matt sued,
A. Walter would win as there was no contract. B. Walter would win because of the UCC. C. Matt would win; this is an implied contract. D. Matt would win in quantum meruit.
By far the largest of the U.S. statutory programs, in both size and cost to employers (and employees), are ______.
A. Social Security and Medicare B. Social Security and Medicaid C. Medicare and Medicaid D. Medicare and the ACA
According to Peter Frost (2003), the people who take on the emotional pain of others, and act like emotional sponges for the benefit of the whole organization, are known as __________.
a. Emotional sponges b. Emotional handlers c. Toxic sponges d. Toxic handlers