In Order to Formulate Strategies That Align with the Mission

question 91

Multiple Choice

In order to formulate strategies that align with the mission, some of the activities the organization will need to perform are

• A) assess internal strengths and weaknesses.
• B) analyze competitors.
• C) examine the external environment.
• D) know their core competencies.
• E) All of these should be considered when formulating strategies.

---

Definitions:

Long-Term Liabilities

Financial obligations of a company not due for more than one year, including bonds payable, long-term leases, and pension obligations.

Times Interest Earned

A ratio that measures creditor margin of safety for interest payments, calculated as income before interest and taxes divided by interest expense.

Income Tax Expense

The total amount of income tax a company reports as an expense in its income statement for a given period.

Interest Expense

The cost incurred by an entity for borrowed funds, representing the interest payments due to lenders or creditors during a specific period.