Functional Strategies Are Those That Are

question 102

Multiple Choice

Functional strategies are those that are

• A)implemented by each functional area of an organization to support the business strategy.
• B)utilized by top management in developing the corporate structure and resource allocation of an organization.
• C)typically developed and implemented organization-wide by the board of directors.
• D)utilized as corporate benchmarks for evaluating corporate performance in relation to the organization's profitability.
• E)used to evaluate the organization's market position with regard to its closest competitors.

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Definitions:

Tenant

A tenant is an individual or entity that occupies land or property rented from a landlord under a lease agreement.

Adjusting Entry

An accounting record made to update the financial position of a company before financial statements are prepared.

Fiscal Period

A specific duration of time for which a business or government reports its financial performance, could be a quarter, a year, or any other defined period.

Salaries

Payments made to employees typically on a monthly or biweekly basis for their work or services.