Strategic Intent Recognizes the Essence of Winning, Involves Stretching an Organization

question 17

True/False

Strategic intent recognizes the essence of winning, involves stretching an organization to continue to improve old SCA's or develop new ones, and requires real innovation.

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Definitions:

M. Sims Capital

An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.

Income Summary

An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.

Owner's Capital

The amount of equity a business owner has invested in the business minus any withdrawals made from the business by the owner.