Match the Options Below with the Correct Phrases

question 33

Multiple Choice

Match the options below with the correct phrases:
-policy

• A)written instructions to carry out the sequential steps to accomplish a task
• B)the steps by which an organization will achieve its strategic goals
• C)a planning technique for managers and subordinates to collaborate goal setting
• D)predicts income and expenses
• E)requires great leaps forward on such measures as product development, time, return on investment, and sales growth
• F)goals for middle managers
• G)a broad, written guideline
• H)the formal written organizational purpose
• I)plan which adapts to changes that affect or impact the original plan
• J)the mental activity of determining what you want to do
• K)end result of the planning effort
• L)no smoking
• M)a planning technique of predicting or attempting to foresee future issues and events
• N)a single-use plan for accomplishing a group of related activities
• O)a plan focusing on first-line managers

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Definitions:

Gasoline Prices

The cost per unit of gasoline, determined by various factors including crude oil prices, taxes, supply and demand, and refining costs.

Efficiency

The extent to which resources are used in the best way possible to produce goods and services, minimizing waste and costs.

Shortages

A situation where the demand for a product exceeds its supply at a particular price, often leading to increased prices.

Price Floor

Price floor is a government or regulatory imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.