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37. Sally, the general manager at Trinkets Inc. has asked accounting to prepare a cash flow versus expenditure plan for the next year. Sally is asking for a __________ budget.a) financialb) flexiblec) fixedd) zero-basedAns: a38. The planning process of “predicting what will happen in the future” is called:39. Qualitative approaches to forecasting include:40. Which of these refers to the process of developing alternative plans, in anticipation of having problems with implementing the existing plan?
41. The president of Virtual Products LLC is concerned about next year’s economic outlook. Even though next year’s plan has been completed, he has requested his staff to generate another plan that assumes a 10% reduction in sales. This is an example of __________.a) contingency planningb) forecastingc) operation planningd) budgetingAns: a42. Which of these best describes identifying possible future situations and plans for dealing withthem?43. _____ is a technique that makes use of external comparisons to evaluate current performance.44. What phrase is used to define the things that world class companies do better than others?45. Involving others, particularly those who implement the plan in the planning process is called __________.a) groupthinkb) marketing researchc) participatory planningd) selecting alternativesAns: c
True/False46. Leading consists of guiding the efforts of human resources to ensure high levels of task accomplishment.