Which of the Following Statements Holds True for the "Capstone

question 2

Multiple Choice

Which of the following statements holds true for the "capstone" course recommended by The Ford Foundation?

• A) It stressed how strategy and organizational structure need to be consistent with each other in order to ensure strong firm performance
• B) It offered concepts such as Five Forces Analysis and Generic Strategies that continue to strongly influence how executives choose strategies
• C) It stressed how organizations could become more efficient through identifying the "one best way" of performing important tasks
• D) It argued that many of the advantages that firms in developed countries like the United States, Japan, and Great Britain take for granted are disappearing
• E) It emphasized student's critical thinking skills in general and the notion that multiple ways of addressing a problem could be equally successful

---

Definitions:

Budgeted Income Statement

A financial statement that forecasts a company's revenue, expenses, and net income for a future period.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, detailing assets, liabilities, and equity.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals within a given period.

Raw Materials

Fundamental components or substances used at the beginning of the production process to manufacture goods.