Which of the Following Statements About Action Plans Is True

question 105

Multiple Choice

Which of the following statements about action plans is true?

• A)Action plans should permit a degree of autonomy to managers and not be constrained by budgets.
• B)Action plans must be specific so that managers will have a clear understanding of the resource requirements necessary to implement the plan.
• C)Action plans should not be constrained by a time frame in order to allow for modification.
• D)Management accountability often erodes their motivation to implement the plan on a timely basis.

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Definitions:

Production Facility

A place equipped with the necessary equipment and machinery for the manufacture of products.

Quantity Flexibility

An adjustment mechanism within supply chain management allowing for changes in order quantities to meet actual demand.

Market Intelligence

The process of gathering, analyzing, and interpreting information about a market, including information about competitors, customers, and other market dynamics.

Intermediary

A third-party agent or entity that acts as a mediator or facilitator between two parties in a transaction, often involved in the distribution chain.