In the Military Field,we Generally Make the Following Distinction Between

question 13

Multiple Choice

In the military field,we generally make the following distinction between strategy and tactics:

• A)Tactics comprise the overall plan whereas strategy focuses on specific actions
• B)Tactics relate to specific actions whereas strategy relates to the overall plan
• C)Tactics encompass specific political actions within the firm whereas strategy is the overall plan for deploying resources to establish a favorable position
• D)Tactics form the overall plan whereas strategy is concerned with the maneuvers to win battles

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on the current market price or the price for similar assets.

Exchange Transactions

Transactions in which each party to the deal exchanges goods or services of comparable value; this can include trade of goods, services, or financial assets.

Tangible Assets

Physical assets that can be touched or felt, such as machinery, buildings, and land.

Cost Method

An accounting method used to value investments, where the investment is recorded on the balance sheet at its purchase cost.