Which one of the following steps in the planning process should precede the others?
A) develop premises upon which each alternative is based
B) develop plans to pursue the chosen alternative
C) list alternative ways of reaching objectives
D) choose the best alternative for reaching objectives
E) put plans into action
Answer: C
You might also like to view...
A small property and liability insurance company concentrated its underwriting efforts in one city in Oklahoma. When tornadoes damaged a large number of structures in the city, the insurer did not have adequate financial resources to pay the losses and it became insolvent. Which characteristic of an ideally insurable risk was violated in this scenario?
(a) there must be a large number of exposure units (b) the loss should not be catastrophic (c) the loss must be accidental and unintentional (d) the loss must be determinable and measurable
As an HR manager for an MNC, Eliot needs to establish appropriate compensation practices in each country. Which of the following is a factor that Eliot should most likely consider?
A) education requirements B) available technologies C) standard working hours D) recruitment techniques