Strategic Controls Focus on The

question 77

Multiple Choice

Strategic controls focus on the:

• A) short-term performance of the firm.
• B) outcomes of strategic actions.
• C) long-term goals of the firm.
• D) content of strategic actions.

Learn the calculations and implications of the debt to total assets ratio and times interest earned ratio.

Interpret the effects of managing inventory and receivables on a company's cash flow.

Understand how different ratios interact to affect the return on assets ratio.

Understand how to calculate and interpret the inventory turnover ratio.

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Definitions:

Plans

Detailed proposals for achieving specific goals or objectives within a certain timeframe.

Purchase

The act of buying goods or services.

Companies

Legal entities formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Top Managers

Executives at the highest level of an organization who are responsible for setting policies and making critical decisions.