Which of the Following Statements About Action Plans Is True

question 33

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 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) Action plans should hold employees accountable for the implementation.

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Definitions:

Payoff Matrix

A table that shows the potential outcomes of different decisions in a strategic situation, used in game theory to analyze choices and consequences.

Zero-Sum Game

A situation in game theory where one participant's gain or loss is exactly balanced by the losses or gains of the other participants.

Negative-Sum Game

In game theory, a game in which the gains (+) and losses (−) add up to some amount less than zero; one party’s losses exceed the other party’s gains. A strategic interaction (game) between two or more parties (players) in which the winners’ gains are less than the losers’ losses so that the gains and losses sum to a negative number.

Positive-Sum Game

A situation in game theory in which the sum of gains and losses is greater than zero, indicating that all participants can benefit from cooperation or competition.