In the Context of the Criteria for Performance Excellence,the Aim

question 57

Multiple Choice

In the context of the criteria for performance excellence,the aim of strategy development is to:

• A)ensure that strategies are successfully deployed for goal achievement.
• B)guide the organization's process management toward the achievement of key organizational results and strategic objectives.
• C)foster high performance, to address core competencies, and to help accomplish action plans and ensure organizational sustainability.
• D)strengthen overall performance, competitiveness, and future success.

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Definitions:

February

The month that follows January and precedes March in the Gregorian calendar system.

Net Operating Income

The amount a business earns after deducting its operational costs, not including taxes and interest expenses.

Variable Costing

An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.

Cost of Goods

The immediate expenses directly associated with manufacturing the products that a company sells.