At the Beginning of Every Month, the Owners of a Small

question 114

Multiple Choice

At the beginning of every month, the owners of a small bakery define the major objectives for that month (for example, the profit needed for that month) . They also try to anticipate any problems or issues that could prevent them from reaching their objectives, and create a plan of action if needed. At the end of the month, they check to see if they met their objectives. Creating such good plans, will help them to

• A) make sure their business is always successful.
• B) ensure they are always prepared.
• C) keep a results-driven sense of direction.
• D) identify opportunities.
• E) be better organized.

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Definitions:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from generation to generation.

Perceptual Distortions

Cognitive biases or errors that lead to misinterpretation or misjudgment of sensory information, social situations, or interpersonal communications.

Stereotypes

Widely held but fixed and oversimplified images or ideas of a particular type of person or thing.

Selective Attention

The tendency to selectively focus on aspects of situations that are most aligned with our own interests, values, and attitudes.