If Performance Data and Activity Reports Indicate Undesirable Performance as a Result

question 69

Multiple Choice

If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process,operational managers must

• A) immediately notify the board of directors.
• B) change the strategic management model.
• C) know about it so that they can correct the employee activity.
• D) allow sufficient time to pass to verify if it is the process or just the usage that is the problem.
• E) check the performance data to ensure their accuracy and take two more measurements.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Long Run

A period in economics where all inputs or factors of production can be varied, with no fixed factors, allowing for full adjustment to changes.

Economic Profit

The divergence between overall financial returns and comprehensive expenses, integrating both apparent and implied costs.

Long Run

In economics, a period in which all factors of production and costs are variable, allowing all inputs to be adjusted.