Long-Range Planning

question 1

Multiple Choice

Long-range planning

• A) generally presents more detailed information than an annual budget.
• B) generally encompasses a longer period of time than an annual budget.
• C) is usually more accurate than an annual budget.
• D) is prepared on a quarterly basis if the budget is prepared on a quarterly basis.

Identify the impact of corporate culture on organizational performance and strategic direction.

Understand the concept of stability strategies and their application in maintaining business operations.

Recognize the importance of strategic HR practices in supporting organizational growth and performance.

Identify the role and impact of organizational design in implementing business strategies.

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Definitions:

Shared Power

A leadership or organizational model where authority and decision-making responsibilities are distributed among various stakeholders rather than centralized.

Direct Action

A method of protest or political activism that involves immediate, decisive action to achieve an objective, often outside of governmental or corporate mechanisms.

Expertise

The skill, knowledge, or proficiency acquired through experience or education in a specific field.

Social Forces

The societal influences that affect the actions, behaviors, and attitudes of individuals or groups within a culture or organization.