The Second Step in Strategic Planning Is to ________

question 87

Multiple Choice

The second step in strategic planning is to ________.

• A) formalize a mission statement
• B) establish the business portfolio
• C) set SBU and department-level objectives
• D) set organizational objectives
• E) assess the organization's internal and external environments

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Definitions:

Journal Entries

Records of financial transactions in the accounting system, marked by debits and credits to maintain the balance of accounts.

Stock Securities

Equities or shares in corporations, representing a fraction of ownership in the company; these can provide dividends and potential appreciation in value to its holders.

Long-Term Investment

Investments in securities or other assets that are intended to be held for several years or more.

Cash Dividends

Payments made by a corporation to its shareholders as a distribution of profits, typically in cash form, reflecting the company's profitability.