In an Uncertain Environment, Managers Want to Develop ____________ Plans

question 68

Multiple Choice

In an uncertain environment, managers want to develop ____________ plans.

• A) specific but flexible
• B) general and flexible
• C) contingency
• D) formal

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.

Age Group

A classification of people based on their age, typically used in demographics, marketing, and social studies.

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment, often used as an indicator of the health of an economy.

Unemployment Benefits

Financial payments made by the government to individuals who are unemployed and seeking work.