Which of the Following Statements Is True of Strategy

question 9

Multiple Choice

Which of the following statements is true of strategy?

• A) Strategy cannot be shifted by leaders.
• B) Strategy defines the company's core values and reason for being, and it provides a basis for creating the vision.
• C) Strategy involves making decisions every day based on what the organization wants to do and be.
• D) Strategy is developed by leaders by reacting to environmental changes.

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Definitions:

Truck Drivers

Individuals who operate trucks to transport goods and materials from one location to another.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the asset's cost is evenly spread over its useful life.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and can be easily identified and measured.

Production Supervisor

An individual responsible for overseeing the daily operations of the manufacturing floor, ensuring efficient production and quality standards.