Kendra Wright Was Recently Hired by High Adventure Inc

question 146

Multiple Choice

Kendra Wright was recently hired by High Adventure Inc.to be a financial manager.She is surprised to learn that the company currently operates "by the seat of its pants." As she seeks to develop a more rigorous financial plan,what will she have to do?

• A)make heavy use of a technique known as value mapping
• B)work independently of others in the organization
• C)avoid too much reliance on pro forma statements
• D)seek input from the managers of the various functional units of the firm as well as the firm's accountants

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Definitions:

Driving Forces

Factors or elements that influence or propel individuals, groups, or organizations towards achieving a goal or initiating change.

Following Forces

Relates to the factors or influences that drive or shape the direction of trends, movements, or behaviors in a society or field.

Mechanistic Organization

A form of organization characterized by rigid hierarchies, high levels of formalization, and centralized decision-making, often seen in traditional, large-scale businesses.

Organic Design

A design philosophy that promotes harmony between the natural environment and human habitation, often emphasizing sustainability and fluidity.