Practise

Practice Planning:

(a)  Review the difference between a long-range and short-range plan. 

(b)  Provide an example in a total of 2 to 4 sentences of when each type of plan would be used.

Practice: Types of Controls Scenario

(a)  Review the three types of controls that are used by managers (feedforward, concurrent, and feedback).

(b)  Provide an example in a total of 2 to 4 sentences of when each type of control would be used.