Which of the Following Questions Would NOT Be Helpful in Monitoring

question 4

Multiple Choice

Which of the following questions would NOT be helpful in monitoring signals that the basic strategy for the organization needs to be changed?

• A)What is the relative market share?
• B)Has the strategy been tested with appropriate strategic thinking tools?
• C)Have the major stakeholders, inside and outside the organization that will be most influential in ensuring the success of the strategy been identified and evaluated?
• D)If the adaptive strategy is to fill a currently unfilled niche in the market, has the organization investigated whether the niche will remain open long enough to return the capital investment?

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Definitions:

Materials Quantity Variance

The variance between the real amount of materials consumed in the manufacturing process and the anticipated amount, with this difference being multiplied by the per unit standard cost.

Milk Chocolate

A type of chocolate that includes milk powder or condensed milk, giving it a milder flavor and creamier texture than dark chocolate.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard hourly wage rate.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.