It's Academic You Are a Faculty Dean for a Regional University and University

question 21

Multiple Choice

It's Academic
You are a Faculty Dean for a regional university and your university Vice Chancellor has asked you to develop a plan for the faculty.He wants a plan covering the next five years and he wants it to be as specific as possible yet not overly constraining and containing some flexibility.The Vice Chancellor states that he wants the plan to be accurate so as not to waste time and so you will be well positioned for the future.
-Refer to It's Academic (Scenario) .Concerning the impact of planning on organisational change, you need to tell your boss that planning has what kind of effect?

• A)Planning forces managers to look at the present.
• B)Planning forces managers to anticipate change.
• C)Managers cannot really consider the impact of change.
• D)Planning increases uncertainty.
• E)Planning confuses management action in response to change.

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Definitions:

Market Power

The ability of a company or entity to influence the price or quantity of goods or services in the market.

Raise Price

The act of increasing the price at which goods or services are sold, often in response to market conditions or increased costs.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Individual Producer

A single entity or person involved in the production of goods or services.