Entrepreneurs Who Develop Long-Range Plans for All Aspects of the Business

question 94

Multiple Choice

Entrepreneurs who develop long-range plans for all aspects of the business are known as _____.

• A) critical-point planners
• B) opportunistic planners
• C) comprehensive planners
• D) reactive planners

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Definitions:

Procedural Justice

The fairness of the processes used to make decisions, often focused on in organizational settings to ensure fairness in managerial actions.

Psychological Contract

An unwritten agreement between an employer and an employee that outlines mutual expectations, including job security, loyalty, and commitment.

Need Salience

The degree to which a particular need is perceived as important or relevant by an individual at a given time.

Hierarchy Of Needs

A psychological theory proposed by Abraham Maslow, outlining a sequence of human needs from basic survival to achieving one's full potential.