Which of the following explains the value in strategic planning?
a. An organization comes to understand its markets and its competitors.
b. An organization becomes aware of the changing marketplace environment.
c. Organizational partners are better able to communicate and coordinate activities.
d. Helps managers better allocate time and resources.
e. All of the above.
e. All of the above.
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A combined set of operational budgets and a set of financial budgets for the entire organization is known as a
a. master budget. b. flexible budget. c. month-to-month budget. d. continuous budget.
With regard to the six Cs of effective communication, being specific rather than vague is a way to meet the criterion for:
A. correctness in communication. B. courteousness in communication. C. clear in communication. D. consistency in communication.
If taxes or assessments on leased premises are increased because of improvements made by the tenant the: ___________
A) landlord is only liable for such increases if the improvements stay with the property. B) landlord is liable for such increases whether or not the improvements stay with the property. C) landlord is liable for such increases only to the extent that the improvements actually increase the fair market value of the property. D) tenant is always liable for such increases.
Christopher is a hard-working entrepreneur who looked into all the details of his small gaming software business. He focused on all aspects of the business from the initial launch, promotion, and marketing aspects to the final set up. He finds planning convenient and works according to a plan. Christopher is a(n) ________.
A. habit-driven planner B. comprehensive planner C. reactive planner D. opportunistic planner