At the Functional Level, the Organization's Strategic Direction Becomes

question 269

Multiple Choice

At the functional level, the organization's strategic direction becomes

• A) much more manageable since its offerings have been finalized.
• B) the most specific and most focused in terms of implementing the company's goals.
• C) broader since for less complex firms, the corporate and functional levels may merge.
• D) more general to avoid the "not invented here syndrome" that could result in missed opportunities.
• E) the sole responsibility of the CEO.

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Definitions:

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available for use, affecting the cash flow of a business.

Net Float

The difference between checks written against a checking account and those that have been cleared by the bank.

Net Collection Float

The net collection float is the time difference between when a check is deposited into a bank account and when the funds become available for use, essentially measuring the delay in bank processing.

BAT Model

Behavioral Adjustment Training Model, a framework used to manage or change certain behaviors, not a term typically associated with standard economics or finance.