The "Commitment" Concept Means That Plans Should Extend Far Enough

question 24

Multiple Choice

The "commitment" concept means that plans should extend far enough to meet those commitments ________.

• A)as quickly as possible
• B)while the resources are available
• C)made by managers to organizational stakeholders
• D)made when the plans were developed

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Definitions:

Time Utility

The value added to products or services by making them available at the right time to meet consumer needs.

Multitouch

A technology that enables a surface (such as a touchscreen) to recognize the presence of more than one point of contact with the surface simultaneously.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its visible, tangible assets; often related to the brand reputation, customer loyalty, and other factors not directly quantifiable.

Production

The act of producing goods and services by merging workforce, materials, and technology.