AGBU 2389-Bullion Exam 1 Questions With Complete Solutions.

AGBU 2389-Bullion Exam 1 Questions With
Complete Solutions

t/f: |the |number |of |farms |in |the |United |States |has |been |decreasing |since |1940 |- |CORRECT |
ANSWER✔✔-true



plan, |implement, |control |(PIC) |- |CORRECT |ANSWER✔✔-Management |Functions



-fit |to |organization |goals

-identify |resources |required |and |available

-identify |alternatives

-choose |the |alternative |to |implement |- |CORRECT |ANSWER✔✔-Plan



-acquiring |resources

-overseeing |the |entire |process

-coordinating

-staffing |- |CORRECT |ANSWER✔✔-Implementation



-monitoring |the |results

-recording |information

-taking |corrective |action |- |CORRECT |ANSWER✔✔-control



the |ability |to |make |and |improve |decisions |over |time |both |efficiently |and |rapidly |- |CORRECT |
ANSWER✔✔-Management |Capacity

, Importance

Frequency

Imminence

Revocability

Alternatives |- |CORRECT |ANSWER✔✔-Decision |Characteristics



measured |by |its |potential |effect |on |net |income, |or |the |accomplishment |of |a |stated |business |
goal |- |CORRECT |ANSWER✔✔-Importance



-easily |reversed |and |can |usually |be |done |routinely

-shows |that |small |decisions |can |magnify |when |repeated |over |and |over |- |CORRECT |
ANSWER✔✔-Frequency



the |lead |time |a |manager |has |in |making |or |changing |a |decision |before |the |opportunity |is |lost

ex: |which |crop |to |plant; |should |you |replant |after |a |disaster |- |CORRECT |ANSWER✔✔-
Imminence



how |easy |it |is |to |undo |a |decision |or |course |of |action |once |resources |are |committed |- |
CORRECT |ANSWER✔✔-revocability



Other |ways |of |thinking |or |acting |- |CORRECT |ANSWER✔✔-Alternatives



What |are |some |factors |of |change |in |decision-making? |- |CORRECT |ANSWER✔✔--Government: |
tax |and |policy

-technology

-energy |issues

-business |structure |options