At the Strategic Level of Planning, Managers Must Pay Attention

question 25

Multiple Choice

At the strategic level of planning, managers must pay attention to the environment outside the organization, be future oriented, and

• A) have more stability than at other levels.
• B) have more control over employee issues.
• C) have less competition.
• D) deal with uncertain and competitive conditions.
• E) be more likely to understand the competition.

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Definitions:

Drawer

In banking and finance, the person who writes or issues a check or draft, instructing the bank to pay a specified amount to the person or entity named.

Contractual Capacity

The legal ability to enter into a binding contract, typically requiring parties to be of a certain age and sound mind.

Negotiation

The process whereby two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Forgery

The act of falsely making or altering a document with the intent to deceive or defraud.