Which of the Following Statements Is True About Strategy

question 54

Multiple Choice

Which of the following statements is true about strategy?

• A)It represents the most important S in the 7 S model.
• B)It refers to the priorities, values, and virtues that members of an organization see as important.
• C)It includes recruitment, hiring, training, promotion, and compensation.
• D)It is the ability of an individual to perform tasks.

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Definitions:

Statement of Cash Flows

A financial document that provides a detailed analysis of a company's cash inflow and outflow over a certain period, showing how the company's cash position changes.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle, whichever is longer.

Net Working Capital

The gap between a firm's current assets and its current liabilities, showcasing its operational effectiveness and short-term financial stability.

Current Liabilities

Obligations that a company needs to pay within a year.