Implementing a Decision Must Be Planned Carefully

question 44

Multiple Choice

Implementing a decision must be planned carefully. Adequate planning most often requires which of the following steps?

• A) Determine how things will turn out before the decision is made.
• B) List the resources and activities required.
• C) Be sure the CEO agrees with the implementation decision.
• D) Allow employees to take on responsibility once the implementation has begun.
• E) Encourage vigilance.

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Definitions:

Automatic Insertion Machine

A machine used in manufacturing for automatically placing components onto circuit boards or into their correct positions on a production line.

Accountant

A professional responsible for maintaining and interpreting financial records, ensuring accuracy and compliance with laws and regulations.

Net Present Value

The calculation used to find today’s value of a stream of future payments or receipts, by discounting them using a specific rate of return.

Investment

Investment refers to the allocation of resources, such as capital, time, or assets, with the expectation of generating profit or income, involving mechanisms like stocks, bonds, real estate, or other financial vehicles.