Which of the Following Is a Defining Characteristic of Strategic

question 77

Multiple Choice

Which of the following is a defining characteristic of strategic planning?

• A) It is typically performed by middle managers and supervisors.
• B) It lays down objectives for specific departments and not for the entire firm.
• C) It covers a large time span, which is usually over a year.
• D) It is primarily aimed at making employees focus on their role in supporting the company's goals.

---

Definitions:

Consolidated Bonds Payable

The total amount of bonds owed by both a parent company and its subsidiaries as presented in consolidated financial statements.

Proposal

A plan or suggestion put forward for consideration or discussion, especially in a business or formal context.

Coattail Provision

A feature in shareholders' agreements that obliges minority shareholders to join in the sale of a company if the majority shareholders agree to sell their shares.

Restricted Shares

Shares of stock that are granted to an employee but come with restrictions on sale and transfer until certain conditions are met.