Which Two Comments Summarise the Access/execution Paradox

question 41

Multiple Choice

Which two comments summarise the access/execution paradox?

• A) Middle managers normally take responsibility for planning strategy.
• B) Those with most access to the CEO are strategic planners and strategy consultants.
• C) Middle managers have knowledge of the business on the ground and have responsibility for strategy implementation.
• D) Senior management has the greatest understanding of operational issues.

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Definitions:

Inventory

Items that a company holds for the purpose of selling in the normal course of business, or materials used in the production of goods to be sold.

Dividends

Funds disbursed by a company to its stockholders, typically from earnings.

Consolidation Worksheet

A tool used in preparing consolidated financial statements that combines the financial information of a parent company and its subsidiaries.

Goodwill Impairment

A charge that companies record when the book value of goodwill on their balance sheets exceeds its estimated fair value, indicating the asset has decreased in value.