direction in the table below SHADE A SHADE B SHADE C SHADE D If both statements are true If both statements are false If statement 1 is true while statement 2 is false If statement 1 is false while statement 2 is true
direction in the table below SHADE A SHADE B SHADE C SHADE D If both statements are true If both statements are false If statement 1 is true while statement 2 is false If statement 1 is false while statement 2 is true
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
![TRUE OR FALSE. Read each statement carefully and follow the
direction in the table below
If both statements are true
If both statements are false
SHADE A
SHADE B
SHADE C
If statement 1 is true while statement 2 is false
SHADE D
If statement 1 is false while statement 2 is true
STATEMENT 1
Planning is important. It
provides direction to for the
D organization's
NO.
STATEMENT 2
Without planning, controlling
will not be possible since there
will be no standard to compare
or assess work effort with.
Goals are best described as
steps and actions that are
required to achieve plans.
1
Plans are targets that
management desires to
reach; the desired results
or objectives that members
in an organization are
pursuing.
Setting strategic goals and
plans is the first step in
planning
2
e obesp
Plans can be short term which
is good for one year or less, or
may be long term which is up
to three years.
3.
The plans that are going
beyond three years are
called long-term plans
Operational plans are plans
that apply only to a particular
unit or area and narrow in
4
scope.
Middle manager are the ones
responsible for setting
operations goals and plans
Top level managers are the
one who sets up
organization's goals and
objective
To make forecasting
effective, you should use
complex methods
When things do not tum out
as they should be, manager
should implement the well
prepared contingency plans
An effective forecasting relies
on a single method
Contingency factors (also
known as trigger point) may
offer alternative courses of
action when the unexpected
happen or when things go
wrong.
The first step in benchmarking
is the identification of what to
7
Linear programming is the
process of formulating a
detailed listing of activities
that must be accomplished
Certainty conditions are
ideal conditions in deciding
problems
8
benchmark
Structured or programmed
decision is a decision that is
repetitive and can be handled
by using a routine
approached
Specificity is the
detailedness and clarity of
plans.
Frequency of use is the
completeness of planning
coverage
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe0ab309b-c07d-4c58-99de-164682296de7%2Ff5157ef1-21ef-4dfd-9eca-92ba2f5df58e%2F01sf358_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TRUE OR FALSE. Read each statement carefully and follow the
direction in the table below
If both statements are true
If both statements are false
SHADE A
SHADE B
SHADE C
If statement 1 is true while statement 2 is false
SHADE D
If statement 1 is false while statement 2 is true
STATEMENT 1
Planning is important. It
provides direction to for the
D organization's
NO.
STATEMENT 2
Without planning, controlling
will not be possible since there
will be no standard to compare
or assess work effort with.
Goals are best described as
steps and actions that are
required to achieve plans.
1
Plans are targets that
management desires to
reach; the desired results
or objectives that members
in an organization are
pursuing.
Setting strategic goals and
plans is the first step in
planning
2
e obesp
Plans can be short term which
is good for one year or less, or
may be long term which is up
to three years.
3.
The plans that are going
beyond three years are
called long-term plans
Operational plans are plans
that apply only to a particular
unit or area and narrow in
4
scope.
Middle manager are the ones
responsible for setting
operations goals and plans
Top level managers are the
one who sets up
organization's goals and
objective
To make forecasting
effective, you should use
complex methods
When things do not tum out
as they should be, manager
should implement the well
prepared contingency plans
An effective forecasting relies
on a single method
Contingency factors (also
known as trigger point) may
offer alternative courses of
action when the unexpected
happen or when things go
wrong.
The first step in benchmarking
is the identification of what to
7
Linear programming is the
process of formulating a
detailed listing of activities
that must be accomplished
Certainty conditions are
ideal conditions in deciding
problems
8
benchmark
Structured or programmed
decision is a decision that is
repetitive and can be handled
by using a routine
approached
Specificity is the
detailedness and clarity of
plans.
Frequency of use is the
completeness of planning
coverage
10
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