Successful Organizations Must Be Forward-Looking, Which Includes the Ability to

question 47

Multiple Choice

Successful organizations must be forward-looking, which includes the ability to

• A) develop strategies based on those that were successful in the past.
• B) first be backward-looking, examining the past carefully to learn from mistakes.
• C) anticipate future events and respond quickly and effectively.
• D) hire the most culturally diverse team possible in order to generate the best new ideas.
• E) involve all stakeholders of the organization when defining its business mission.

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Definitions:

Diluted Earnings Per Share

A calculation of earnings per share that includes potential shares from convertible securities, providing a "worst-case" scenario of earnings per share.

Basic Earnings

The amount of profit attributable to shareholders before deductions for preferred dividends, calculated on a per-share basis.

Continuing Operations

The portions of a business’s activities expected to continue for the foreseeable future, as opposed to activities that are being discontinued or phased out.

Loss

A financial term referring to the situation where expenses exceed revenues, leading to negative profit.