Managers May Have to Make A(n)____ Plan in Anticipation of Changes

question 113

Multiple Choice

Managers may have to make a(n) ____ plan in anticipation of changes in technology,the economy,the competition,and the labor market.

• A) strategic
• B) tactical
• C) long-range
• D) contingency
• E) integrated

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Definitions:

Total Cost

The total of all expenses involved in creating goods or services, encompassing both constant and changing costs.

Carbon Taxes

Economic policies designed to reduce carbon emissions by taxing companies or individuals based on their greenhouse gas emissions.

Social Cost

The total cost to society, including both the private costs incurred by firms and also any additional costs to others.

Carbon Emissions

The release of carbon dioxide into the atmosphere, primarily from burning fossil fuels, contributing to global climate change.