Which of the Following Is Not a Reason Why Strategic

question 2

Multiple Choice

Which of the following is not a reason why strategic control is necessary?

• A)The need to know how well the firm is doing
• B)The need to account for last-minute changes in the firm's environment
• C)The need to formulate strategies for newly acquired business units
• D)All of the above are reasons.

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Definitions:

Common Stock

Shares of ownership in a corporation, granting holders voting rights and a portion of profits in the form of dividends.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders’ equity at a specific moment, showing the company's financial position.

Wages Payable

The total amount of wages that a company owes to its employees for work that has been completed but not yet paid for.

Common Stock

Common stock represents units of ownership interest or equity in a corporation and usually comes with voting rights to elect the board of directors.