Which Positions in an Organization Are Responsible for Developing Strategic

question 3

Multiple Choice

Which positions in an organization are responsible for developing strategic plans, priorities, and goals to ensure organizational effectiveness?

• A) Chief Executive Officers
• B) Department Directors
• C) Unit Supervisors
• D) Divisional Managers
• E) None of the above answers are correct

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Definitions:

Core Values Statement

A declaration that outlines the essential beliefs and guiding principles of an organization.

Business Plan

A detailed document outlining the objectives, strategies, financial projections, and operational guidelines for a new or existing business.

Free Riders

Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.

Externalities

Side effects or consequences of an industrial or commercial activity that affect other parties without this being reflected in market prices.