If the Executives for OfficeMax Developed the Chain's Objectives by Asking

question 14

Multiple Choice

If the executives for OfficeMax developed the chain's objectives by asking buyers and store managers to forecast sales and merchandise for the next year, and then transmitted those estimates up the organization to the top level, it would be an example of ________ planning.

• A) accountable
• B) bottom-up
• C) conventional
• D) direct
• E) functional

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Definitions:

Ownership Percentage

Ownership percentage refers to the fraction or percentage of a company that is owned by a particular shareholder or group of shareholders.

Indirect Cost

Costs that are not directly attributable to a specific product, activity, or project, but are necessary for the general operation of the business.

IPO

Stands for Initial Public Offering, which is the process where a private company goes public by selling its shares to the general public for the first time.

Equity IPO

Initial Public Offering (IPO) of equity shares, where a company offers its stocks to the public for the first time.