Managers Communicate to _____

question 57

Multiple Choice

Managers communicate to _____.

• A) obtain timely information
• B) build relationships
• C) develop support for their ideas
• D) all of the above

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Definitions:

Expansion Plans

Strategies or projects aimed at growing a business's operations, markets, or product offerings.

Demand Possibilities

The range of potential demand scenarios that a business might encounter, often used for forecasting and planning purposes.

EMV

Expected Monetary Value, a risk management tool used to calculate the average outcome when the future includes scenarios that may or may not happen.

States of Nature

Hypothetical conditions or scenarios in decision theory and economics, representing all possible situations that could affect the outcome of a decision.