Frame Corporation Updates Its Five-Year Plan Annually to Take into Account

question 73

Multiple Choice

Frame Corporation updates its five-year plan annually to take into account changing conditions within the organization and in the organization's external environment.Which of the following best explains this plan implemented by Frame Corporation?

• A) Standing plan
• B) Short-term plan
• C) Rolling plan
• D) Single-use plan
• E) Standard operating plan

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Definitions:

Managers

Individuals responsible for directing and overseeing the work of others, making decisions, and ensuring organizational goals are met.

Activities

Actions or tasks engaged in for a variety of purposes, such as leisure, education, or work.

Mechanistic Style

Refers to a management approach characterized by a rigid and tightly controlled structure, focusing on efficiency and predictability.

Italian Management

Management practices, principles, and cultural peculiarities specific to the Italian business context.