Research of the Planning Practices of Companies in the Oil

question 53

Multiple Choice

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more in the ________ that is part of a future-oriented planning process than in any resulting written strategic plan.

• A) planning
• B) strategic thinking and organizational learning
• C) resulting written strategic plan
• D) formality of the process
• E) improved communication within the organization

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Definitions:

Insured Savings Account

A savings account that is protected by insurance, usually provided by a government agency, against the loss of deposits.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).

Assets

Resources owned or controlled by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Risk Averse

A characteristic of preferring to avoid loss over making a gain, typically leading to more conservative decision-making in the face of uncertainty.