Which of the Following Is an Element of Planning

question 21

Multiple Choice

Which of the following is an element of planning?

• A)encouraging all employees to perform at a high level to help the organization achieve its vision and goals
• B)using power, personality, and communication skills to coordinate the activities of people and groups
• C)establishing alliances between different organizations to share resources and produce new goods and services
• D)deciding which goals the organization will pursue and what strategies will achieve those goals
• E)organizing people into departments according to the kinds of job-specific tasks they perform

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Definitions:

Structure of Incentives

The arrangement or design of rewards and penalties that influence the behavior of individuals and organizations towards certain actions over others.

Spillover Effects

Spillover Effects are unintended consequences of an economic activity that affect third parties who are not directly involved in the activity itself.

Nonconsenting Third Parties

Nonconsenting third parties are individuals or groups that are affected by the actions of others without having agreed to or participated in the decision-making process.

Externalities

Costs or benefits that affect a party who did not choose to incur those costs or benefits, often leading to market failure if not addressed.