Which Description Defines the Planning Function of the Management Process

question 55

Multiple Choice

Which description defines the planning function of the management process?

• A) Guiding and motivating employees to meet organizational objectives
• B) Discussing how best to arrange an organization's resources into a coherent structure
• C) Scanning the business environment for threats and opportunities
• D) Determining what an organization needs to do and how best to get it done
• E) Monitoring a firm's performance to make sure that it is meeting its goals

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Definitions:

Smoothing Constant

A parameter used in exponential smoothing techniques to weight the significance of historical data.

Forecast Values

Predicted numbers or outcomes based on analysis of available data and trends.

Sales Details

Specific information related to the sale transactions, including product, quantity, price, and date of sale.

Game Sales

The total revenue generated from the sale of video games within a specific timeframe.