As Managers Plan for the Future, It Is Important to Handle

question 46

Multiple Choice

As managers plan for the future, it is important to handle unexpected circumstances. By developing backup plans with alternative courses of action defined in case conditions change, managers are conducting ________ planning.

• A)single-use
• B)scenario
• C)long-term
• D)short-term
• E)rolling

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Definitions:

Winner's Curse

A situation in auctions or negotiations where the winner ends up overpaying or values the outcome more than its true worth.

Outcome Frame

The perspective that individuals use to evaluate the consequences of actions or decisions, often in terms of gains or losses.

Environmental Dispute

A conflict arising from differences in interests, values, or claims over environmental resources or policies.

Solution-Focused Approaches

Therapeutic strategies that prioritize finding resolutions and positive outcomes over analyzing problems.