All of the Following Questions Embody the Essence of a Strategic

question 69

Multiple Choice

All of the following questions embody the essence of a strategic vision and mission statement EXCEPT:

• A) What inspires us?
• B) What do we believe in?
• C) Who are our competitors?
• D) Why do we exist?

---

Definitions:

Capital Structure

The combination of borrowing (debt) and ownership (equity) capital employed by a firm to finance its activities and expansion.

Equity-Financed

The method of funding a business through the sale of shares, thus raising capital without incurring debt.

Fixed Asset Turnover

A financial efficiency ratio that measures how well a company utilizes its fixed assets to generate sales.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity.