The Argument That Strategic Planning Is Not Likely to Be

question 3

Multiple Choice

The argument that strategic planning is not likely to be practical due to insufficient information means that

• A) because of trade secrets, the government does not know true cost relationships in any given industry.
• B) if the government had all the relevant information in a given industry then it could decide whether a subsidy would enhance the public's welfare.
• C) even if the government had all the relevant information in a given industry, it still could not decide whether a subsidy would enhance the public's welfare.
• D) due to recent cuts in the Department of the Census' sampling budgets, industry surveys are no longer reliable, so that there is no way to determine if a subsidy is in the public's interest.
• E) the government would need to employ its intelligence agencies in order to gain a complete understanding of the market.

Recognize the various types of memory, including declarative, procedural, semantic, and episodic memory.

Identify methods to improve memory retention, such as chunking and using cues.

Comprehend the capacity and limitations of short-term and long-term memory.

Understand the process of recall, recognition, and relearning as measures of memory.

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Definitions:

Standard Time

The established amount of time required to perform a specific task or operation under normal working conditions, often used in industrial settings for performance benchmarking.

Constant Allowances

Fixed time increments added to the standard time to account for delays or non-productive aspects of a job, ensuring more accurate time estimates.

Performance Rating

An assessment or evaluation of an individual’s or group's work performance, usually based on established criteria and objectives.

Normal Time

The amount of time that a task should take under normal conditions, often used in the context of planning and scheduling.