The Strategic Management Process Is

question 37

Multiple Choice

The strategic management process is:

• A) a set of activities that is guaranteed to prevent organizational failure.
• B) a process concerned with a firm's resources,capabilities,and competencies,but not the conditions in its external environment.
• C) a set of activities that to date have not been used successfully in the not-for-profit sector.
• D) a dynamic process involving the full set of commitments,decisions,and actions related to the firm.

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Definitions:

Noncumulative Nonparticipating

Noncumulative nonparticipating refers to a type of preferred stock where dividends do not accumulate if not declared and the stockholders do not participate in additional corporate earnings beyond the specified dividend rate.

Cash Dividends

Payments made by a company to its shareholders, usually in the form of cash, out of its profits or reserves.

Stated Rate

The annual interest rate declared on a financial instrument, such as a bond, without accounting for compounding within a year.

Nonparticipating

A term often used in insurance to describe a policy that does not grant the holder the rights to share in the insurer's surplus or dividends.