Which of the Following Statements Is Correct

question 11

Multiple Choice

Which of the following statements is correct?

• A)Once a firm has defined its purpose, scope, and objectives, it must develop a strategy, or strategies, for achieving its goals. The statement of corporate strategies sets forth detailed plans rather than broad approaches.
• B)A firm's corporate purpose states the general philosophy of the business and provides managers with specific operational objectives.
• C)Operating plans provide detailed guidance, consistent with the corporate strategy, to help operating managers meet the corporate objectives. These operating plans can be developed for any time horizon, but many companies use a 5-year horizon.
• D)A firm's mission statement defines its lines of business and geographic area of operations.

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Definitions:

Report

A structured document or presentation that provides information or analysis on a specific subject, often for decision making or accountability.

Behaviour

Behaviour encompasses the actions and mannerisms made by individuals, organisms, or systems in response to external stimuli or their environment.

Harassed

Subjected to aggressive pressure or intimidation.

Deaf Ear Syndrome

The tendency to ignore complaints, requests, or pleas, often in a workplace or institutional setting.