Why Is It Important to Provide Employees with a Timeframe

question 53

Multiple Choice

Why is it important to provide employees with a timeframe for accomplishing their objectives?

• A) to instill a sense of urgency in employees
• B) to allow employees to pace themselves
• C) to make the goals more meaningful
• D) to reduce the risk of suboptimization
• E) to motivate employees to improve their performance

Apply the decision-making process to personal and organizational contexts.

Understand the impact of information technology on the workplace and organizations.

Recognize the influence of risk, certainty, and uncertainty on decision making.

Understanding the conceptualization and three pillars of sustainable development from the 1992 Earth Summit.

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Definitions:

Actual Value

The real, true, or observed value of a variable or attribute, without estimation or error.

Forecast Value

An estimate of a future numerical quantity, often used in the context of sales, weather, or financial performance.

Delphi Method

An iterative process used for collecting and distilling the knowledge of a panel of experts through a series of questionnaires interspersed with feedback.

Forecast

A prediction or estimate of future events, especially concerning weather or economic conditions.