Exam 5: Section 2: Planning and Decision Making

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The process of decision making emphasizes the use of systematic procedures to arrive at optimal solutions.

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False

Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission.

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Management by objectives (MBO) is a management technique often used to develop and carry out ____________plans.

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In the Dephi technique, the members of a panel of experts respond to questions and to each other until reaching agreement on an issue.

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Top management is responsible for developing long-term:

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Which of the following statements explains why groups can produce better solutions than individuals in decision- making situations?

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Managers can monitor ________to track progress toward goal achievement.

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One method of weighting decision criteria uses____________ , which is a process where each decision criterion iscompared directly to every other criterion.

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Both absolute comparisons and relative comparisons are methods for identifying decision criteria.

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Which of the following is the most specific type of standing plan?

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S.M.A.R.T. goals are Specific, Meaningful, Active, Reachable, and Timely.

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