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:

Efficient

Achieving maximum productivity with minimal wasted effort or expense, often used in the context of production and allocation of resources.

Supply Of Labor

The total number of workers willing and able to work in an economy, including both employed and unemployed individuals actively seeking jobs.

Demand For Labor

The desire or need for employees by employers, determined by the wage rate and the level of production required by the firm or economy.

Price Floor

A government or regulatory-imposed minimum price for a good or service, intended to ensure that the market price does not fall below a certain level.