Which of the Following Is True About Strategy

question 16

Multiple Choice

Which of the following is true about strategy?

• A) Strategy is a general plan developed to reach short-term goals without any planning.
• B) Organizational strategy focuses only on the marketing and financial aspects of a business.
• C) Smaller organizations are more precise than large organizations in developing organizational strategy in order to meet their goals sooner.
• D) Strategy is actually the end result of strategic planning.
• E) Research and development are not a part of an organization's strategy.

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Definitions:

Ledger

A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.

Journal

A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.

Ledger

A book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.

Transposition

The accidental rearrangement of digits of a number. Example: 152 → 125.