Define planning. List and briefly discuss a planning tool that managers can use
What will be an ideal response
Planning is the process of choosing goals and deciding how to achieve them. The budget is a common planning tool. The budget shows the expected financial impact of decisions and helps identify the resources needed to achieve goals.
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In 2012, women were more likely than men to marry someone with less education
Indicate whether the statement is true or false
Which of the following terms refers to pictograms that are specific to interfaces on computers or other electronic devices??
A) ?Holograms B) ?Barcodes C) ?Icons D) ?Databases
Productivity tends to be more difficult to improve in the service sector because the work is:
A) often difficult to automate. B) typically labor-intensive. C) frequently processed individually. D) often an intellectual task performed by professionals. E) All of the above make service productivity more difficult.
Which of the following is NOT a way to measure forecasting errors?
a. mean squared error (MSE) b. mean absolute deviation (MAD) c. mean absolute percentage error (MAPE) d. error sum of squares (SSE)