Explain why lower-level and some middle-level managers spend time doing operational planning.
What will be an ideal response?
Upper-level and some middle-level managers spend more time developing strategic, broad/directional, long-range, single-use plans for the organization. Other middle-level and all lower-level managers, in contrast, spend more time specifying how the strategic plans will be accomplished by developing operational, narrow/specific, short-range plans and implementing standing plans (policies, procedures, and rules).
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If the maker of a note does not pay or renew a note at maturity, the note is said to be
a. dishonored. b. discounted. c. discontinued. d. dismantled.
When current information falls short of desired information there is an information gap
Indicate whether the statement is true or false
The following data were gathered from the annual report of Desk Products. Market price per share $ 30.00 Number of common shares 10,000 Preferred stock, 5% $100 par $ 10,000 Common equity $140,000 The book value per share is:
a. $30.00. b. $15.00. c. $14.00. d. $13.75. e. $13.50.
The retail life cycle stage characterized by excess capacity and overstoring is _____
a. introduction b. accelerated development c. maturity d. decline