Which of the Following IS NOT Part of the Strategic

question 31

Multiple Choice

Which of the following IS NOT part of the strategic management process?

• A) Creating a vision.
• B) Hiring and training employees.
• C) Analyzing the internal and external environments.
• D) Selecting strategies that create value for stakeholders.

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Definitions:

Reversed

In accounting, this refers to the action of undoing or negating a journal entry that was previously made, often because it was an error.

Change In Estimate

An adjustment made to the accounting records to reflect new information or subsequent changes in judgments regarding financial statement estimates.

Depreciation Expense

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Correction

A process of adjusting or rectifying errors in financial statements or any documents.