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Question
A danger of forecasting discussed in the text is that _____________.
A. in most cases, the expense of collecting the necessary data exceeds the benefit
B. the retrospective nature of forecasting provides little information about the future
C. managers may view uncertainty as black and white while ignoring important gray areas
D. it can create legal problems for the firm if regulators discover the company is making forecasts
Answer
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Related questions
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In contrast to the vision of an organization, its mission should:
A. be shorter in length
B. encompass both the purpose of the company as well as the basis of competition
C. encompass all the major rules and regulations of the corporate work force
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
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The hierarchy of organizational goals is in this order (least specific to most specific):
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B. mission statements, strategic objectives, vision statements
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B. elected by the shareholders as their representatives
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D. only allowed to serve one term of four years
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Objectives in organizations should be clear, stated, and known by employees throughout the organization.
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A. Goals and objectives that are uncertain prevent opportunism.
B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.