Which Is True About Levels of Planning

question 7

Multiple Choice

Which is true about levels of planning?

• A) Top management planners in a large organization make long-range strategic plans.
• B) Top management should be looking at a one- and two-year horizon and deciding where the organization should be heading over that time span.
• C) Top management implements the organization's long-term goals on a smaller level and within shorter time frames.
• D) Both a and b
• E) All of the above.

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Definitions:

Adverse Selection

A situation in markets where buyers and sellers have access to different information, leading to transactions where one party may be at a disadvantage, often discussed in the context of insurance and used cars.

Individual Mandate

A requirement that individuals purchase health insurance or pay a penalty, aimed at ensuring universal coverage in health care systems.

Health Insurance Market

The marketplace where individuals, families, and employers purchase health insurance coverage.

Long-term Care Insurance

Insurance coverage designed to cover the costs of long-term care services, including both medical and non-medical needs for people with a chronic illness or disability.