Which of the Following Statements About Action Plans Is True

question 33

Multiple Choice

Which of the following statements about action plans is true?

• A) Action plans should permit a degree of autonomy to managers and not be constrained by budgets.
• B) Action plans must be specific so that managers have a clear understanding of the resource requirements necessary to implement the plan.
• C) Action plans should not be constrained by a time frame in order to allow for modification.
• D) Action plans should hold employees accountable for the implementation.

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Definitions:

Warehouse Space

The area available in a warehouse used for the storage of goods.

Cost Function

An equation or formula that determines the total cost of production based on the relationship between costs and output levels.

Profit-Maximizing Output

The level of production at which a business achieves the highest possible profit, balancing costs against revenues.

Cost Function

A mathematical relation that describes how production costs vary with changes in the quantity of output produced.