Managers Must Communicate Strategy to Their Teams and Will Achieve

question 16

True/False

Managers must communicate strategy to their teams and will achieve greater performance from them the more convincing they are in interpreting it.

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Definitions:

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of assets, expressed as an annual percentage of the principal.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Profits

Financial gains obtained after subtracting total expenses from total revenue, from business operations or other investments.

Defensive Driving

Practice of using driving strategies that minimize risks and potential for accidents by anticipating dangerous situations.