To Implement the Fifth Step of the Strategic Implementation Process

question 31

Multiple Choice

To implement the fifth step of the strategic implementation process, a manager would

• A)review an action plan on expanding a company into Europe.
• B)establish a deadline for purchasing a chain of retail stores.
• C)give a work team the budget needed to license a product.
• D)talk to employees about feedback received concerning a product they worked on.

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Definitions:

Journal Entry

A record in accounting that notes a specific financial transaction in the books.

Debit Amount

A financial entry that increases an asset or expense account, or decreases a liability, equity, or revenue account.

Credit

A financial term that refers to the provision of resources (such as funds) by one party to another, where the second party does not repay the first party immediately but incurs a debt and is usually obliged to pay interest.

Accounting Cycle

The process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.