What Element of Management Is Being Utilized When Using Computer

question 54

Multiple Choice

What element of management is being utilized when using computer forecasts to determine possible outcomes of an intended change?

• A) Strategy formulation
• B) Goal setting
• C) Crisis management
• D) Contingency planning
• E) Related diversification

---

Definitions:

Group Technology

A manufacturing approach that groups together parts with similar characteristics to take advantage of their similarities in design and production processes.

Coding Scheme

A systematic arrangement or method used for encoding information, often to facilitate data compression, error correction, or secrecy.

Processing Parameters

Variables that influence the efficiency, quality, and output of a manufacturing or processing operation.

Bill of Material

A detailed inventory of raw ingredients, parts, and step-by-step directions needed to build, create, or fix a product or service.