Because Economic and Competitive Environments Frequently Change, Organizations Should

question 32

Multiple Choice

Because economic and competitive environments frequently change, organizations should

• A) set a long-term plan and stick to it.
• B) develop contingency plans.
• C) save time and money by cutting back on planning.
• D) eliminate any long-term strategic plans, but devise short-term tactical plans and update them once a year.

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Definitions:

Enlarged Liver

An increase in size of the liver beyond its normal dimensions, which may indicate a variety of health conditions.

Congestive Heart Failure

A condition where the heart's function as a pump is inadequate to meet the body's needs, leading to symptoms such as shortness of breath.

Leukemia

A type of cancer of the body's blood-forming tissues, including the bone marrow and the lymphatic system, leading to an increase in white blood cells that can impair the body's ability to fight infection.

Circulatory

Pertaining to the circulation, especially the movement of blood through the heart and blood vessels.