In the Military Field, We Generally Make the Following Distinction

question 74

Multiple Choice

In the military field, we generally make the following distinction between strategy and tactic:

• A)Tactic is the overall plan whereas strategy focuses on specific actions
• B)Tactic is a scheme for a specific action whereas strategy relates to the global plan
• C)Tactic encompasses specific political actions within the firm whereas strategy is the overall plan for deploying resources to establish a favorable position
• D)Tactic is the overall plan whereas strategy is concerned with the maneuvers to win battles

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Definitions:

Present Value

The present monetary value of a future sum or a series of cash payments, considering a designated rate of return.

Actuarial Information

Actuarial information involves data and analysis related to assessing financial risks in insurance and finance, especially calculations concerning premiums or pension obligations.

Interest Expense

The cost incurred by an entity for borrowed funds, which is charged as an expense on the income statement over the period the funds are borrowed.

Effective Interest Method

An accounting practice used to allocate interest expense or income over the life of a financial instrument at a constant interest rate.