Translating Strategy into Action Is the Essence of the Step

question 3

Multiple Choice

Translating strategy into action is the essence of the step in the strategic management process.

• A)perform external and internal audits
• B)translate the mission into strategic goals
• C)formulate a strategy to achieve strategic goals
• D)implement the strategy
• E)define the business and its mission

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Definitions:

Compounded Quarterly

Refers to the process where interest is added to the principal amount four times a year at regular quarterly intervals.

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.