Prior to Defining an Organization's Missions and Goals, Managers Must

question 20

Multiple Choice

Prior to defining an organization's missions and goals, managers must

• A)perform a SWOT analysis.
• B)apply the five forces model.
• C)define its business.
• D)create a single-use plan.
• E)create a standing plan.

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Definitions:

Empirical Rule

A statistical principle that asserts in a normal distribution, almost all of the data is contained within three standard deviations from the mean.

Standard Deviations

Standard deviations are a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean on average.

GMAT Scores

The results or scores obtained from taking the Graduate Management Admission Test, a standardized test for MBA admissions.

Standard Deviation

The standard deviation is a measure of the amount of variation or dispersion of a set of values.