Which of the Following Is the First Step in Management

question 10

Multiple Choice

Which of the following is the first step in management by objectives?

• A)Preparing worker schedules
• B)Reviewing progress towards goal achievement
• C)Developing operational plans
• D)Centralizing decision making power
• E)Discussing possible goals

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Definitions:

Orders Decrease

A situation where the number of orders for products or services is reducing, potentially impacting company revenue and production planning.

Unique-Event

A singular occurrence that is distinct in nature, not expected to repeat under normal circumstances.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Bullwhip Effect

A phenomenon in supply chains where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.