The Most Important Element in a Strategic Management Process Is

question 64

Multiple Choice

The most important element in a strategic management process is:

• A)The simplicity of the process
• B)The speed of the process
• C)The dialog, commitment and consensus generated by the process
• D)The profitability of the firm

---

Definitions:

Vendor

A business or person that sells goods or services.

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they match and are correct.

Check Amount

The sum of money written on a check that the drawee is directed to pay.

Book Balance

Book balance refers to the balance of an account according to the accounting records, which may differ from the actual available balance.