The Act of Determining the Organization's Goals and Defining the Means

question 161

Short Answer

The act of determining the organization's goals and defining the means for achieving them is referred to as __________.

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Definitions:

Predicting

The process of forecasting future events, outcomes, or trends based on current or historical data, using various statistical, mathematical, or computational techniques.

Future

A period of time that has not yet happened but is considered in terms of potential events or developments.

Labor Input

The amount of work and effort provided by workers for the production of goods and services in an economy.

Productivity

The measure of the efficiency of production, often quantified as the ratio of output to inputs in the production process.