Shareholders Provide Resources to an Organization That Are Critical to Long-Term

question 28

Multiple Choice

Shareholders provide resources to an organization that are critical to long-term success. Which of the following does the book suggest that suppliers offer?

• A)The promise of customer loyalty
• B)Material resources and/or intangible knowledge
• C)Infrastructure
• D)Revenue
• E)Leadership skills

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Definitions:

Forecasting

The method of forecasting future occurrences or directions by analyzing present and past data.

Planning Benefits

The positive outcomes, such as increased efficiency, risk mitigation, and goal achievement, that result from effective organizational or project planning.

Organizations

Entities comprised of individuals working together towards common objectives or goals, structured in a systematic manner.

Management By Objectives

A management model that involves setting specific objectives that are mutually agreed upon by employees and management.