Planning Is a Process Designed to Achieve Goals in Dynamic,competitive

question 8

Multiple Choice

Planning is a process designed to achieve goals in dynamic,competitive environments.As a new manager,what is the first step you will undertake to develop a strategic plan of action for a congestive heart failure program?

• A) Search the environment to determine changes that may affect the organization.
• B) Appraise the organization's strengths and weaknesses.
• C) Identify the major opportunities for and threats to the organization.
• D) Identify and evaluate the various strategies available to the organization.

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Definitions:

Tax Rates

The percentage at which an individual or corporation is taxed by the government.

Entrepreneurial Income

Income generated from running a business, taking into account the risks and rewards of entrepreneurship.

Opportunity Cost

The financial impact of rejecting the subsequent optimal choice when deciding.

Government Deficits

The financial situation in which a government's expenditures exceed its revenues within a given period, leading to borrowing or currency emission.