Which of the Following Statements Is CORRECT

question 41

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 for achieving a firm's goals.
• B) A firm's corporate purpose states the general philosophy of the business and provides managers with specific operational objectives.
• C) Operating plans provide management with detailed implementation guidance, consistent with the corporate strategy, to help 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:

Commitments

Obligations or pledges to carry out specific actions or uphold particular standards or values.

Lacks Conscientiousness

Refers to a person's tendency to be less careful, responsible, and diligent in their duties and responsibilities.

Multi-task

The ability to handle more than one task simultaneously, often requiring quick switching between tasks.

Careless and Irresponsible

Exhibiting a lack of concern or attention to duties and obligations, often resulting in harm or risk.