Scenario building is an extension of:
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- what is the term used to describe the trigger or potential trigger of ecents that lead to a consequence? a.action b.condition c.cause d.sequence What is the term used to describe managing processes and resources to address risk while pursing reward? a.opportunity management b.risk managemnet c.performance (reward) management d.uncertainty managementThree phases of the management process are controlling, planning, and decision making. Match the following descriptions to the proper phase:Phase of management process DescriptionControlling a. Monitoring the operating results of implemented plans and comparing the actual results with expected results.Planning b. Inherent in planning, directing, controlling, and improving.Decision making c. Long-range courses of action.Risk management program should be intertwined with organizational strategy.
- _______________________involves the steps taken by management to increase the likelihood that the objectives setdown at the planning stage are attained.The Swot analysis is part of which phase in goals based strategic planning?Define goal congruence, and explain why it is important to an organization’s success.
- The underlying theme of the conceptual framework is: a. decision usefulness. b. understandability. c. reliability. d. comparability.Which of the following terms is used to describe the process of developing the organization’s objectives and translating those into courses of action? a.planning b.improving c.supervising d.decision makingIdentify the type of outputs produced by the management information system. a. Projections, query responses b. Special reports, decision analyses c. Summary reports and those that contain any advese situation that may arise
- Which of the following is not part of the planning stage in the decision-making process? Deciding on the optimal way in which an object might be achieved Identifying ways which might contribute to the achievement of specific objectives Obtaining data about actual results. Identifying goals or objectivedescribe the connection between the management process planning, feedback, controlling? take an exampleHow does Incremental Analysis assist Management in decision making?
