Because Economic and Competitive Environments Frequently Change, Organizations Should

question 32

Multiple Choice

Because economic and competitive environments frequently change, organizations should

• A) set a long-term plan and stick to it.
• B) develop contingency plans.
• C) save time and money by cutting back on planning.
• D) eliminate any long-term strategic plans, but devise short-term tactical plans and update them once a year.

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Definitions:

Healthy Aging

The process of developing and maintaining functional ability that enables wellbeing in older age.

Low Cholesterol Level

An abnormally low concentration of cholesterol in the blood, which can lead to health issues despite cholesterol's negative reputation at high levels.

Pessimism

A mindset or attitude characterized by the expectation that the worst will happen or that conditions in the future will deteriorate.

Problem-Focused Coping

Attempting to alleviate stress directly—by changing the stressor or the way we interact with that stressor.